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    BKMB   OM0000002796

BANK MUSCAT SAOG

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bank muscat SAOG : customers can easily apply for Prepaid Cards through Internet or Mobile Banking

12/01/2021 | 07:21am EST

​MUSCAT, 1 December 2021
Bank Muscat, the leading financial services provider in the Sultanate, has launched another new feature in its Mobile Banking application and Internet Banking for the benefit of its customers in line with its vision 'To serve you better, everyday' and commitment to innovation reflecting the latest technological trends. Customers can now easily apply for a Bank Muscat Prepaid card by logging into Internet Banking or the Mobile Banking application on their smartphones. The bank will receive and process the application, and customers can pick up their personalised Prepaid card later from their chosen delivery branch. The latest feature is a new addition to several other features, which were added in the recent past, including availability of QR code payments through mBanking and BM Wallet, Speed Transfer service to Egypt, bill payments to Awasr and instant Debit Card linkage to one's account through Internet banking and mBanking app and visibility of linked Floosi and Children's accounts within parents' accounts.

Speaking about the addition of new features in Internet Banking and the mBanking app, Amjad Iqbal Al Lawati, Assistant General Manager - Cards and eBanking, Bank Muscat, said: "As the leading financial services provider in the Sultanate, the bank has been continuously implementing state-of-the-art technology and we are happy to launch this new service which once again enhances ease of banking and customer convenience. The bank aims to be future-ready in order to serve its tech-savvy customers in the best possible manner and is encouraged by the rapid shift to digital and contactless payments. The new application process continues the bank's customer-centric strategy of launching new services and products that improves financial inclusion and offers new, convenient and highly secure e-payment options for the benefit of our valued customers."

The bank added that its contactless "Just Tap" debit, credit and prepaid cards as well as its contactless wearables have become very popular as they allow customers to complete their low-value point-of-sale (POS) transactions at groceries and supermarkets with a simple tap of the POS terminal without the need to enter their personal identification number (PIN) for transactions up to RO 40. Customers can conduct multiple transactions totaling up to RO60 or up to 10 transactions every day using the 'Just Tap' feature of their card or their Shababi wearable band.

For Bank Muscat, distinguished customer service has always been and remains paramount. The commitment to customers is the key to achieving strategic objectives, thereby establishing sustainable, long-term business relationships in the communities where the bank operates. As the leading financial services provider in the Sultanate, Bank Muscat has the largest banking network in Oman with 174 branches and over 800 ATMs and CDMs. For more details on the bank's Prepaid cards, please call 24795555 or visit our page.

Disclaimer

Bank Muscat SAOG published this content on 01 December 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 01 December 2021 12:20:05 UTC.


© Publicnow 2021
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Sales 2021 478 M 1 244 M 1 244 M
Net income 2021 190 M 493 M 493 M
Net Debt 2021 - - -
P/E ratio 2021 10,4x
Yield 2021 5,26%
Capitalization 1 873 M 4 868 M 4 871 M
Capi. / Sales 2021 3,92x
Capi. / Sales 2022 3,72x
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Mean consensus OUTPERFORM
Number of Analysts 5
Last Close Price 0,52 OMR
Average target price 0,53 OMR
Spread / Average Target 1,91%
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Waleed Khamis Al-Hashar Chief Executive Officer
Thangavel Ganesh Chief Financial Officer
Khalid bin Mustahail Al-Mashani Chairman
Ahmed Omar Al-Ojaily Group Deputy General Manager-Technology
Fawzi Hamad Al-Kiymi Deputy General Manager-Compliance
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