Thawani Technologies prepares to launch new FinTech products

Muscat: Thawani Technologies held a meeting with its project management team to evaluate and develop its existing products and discuss the company’s directions for its upcoming projects.

In line with the company’s vision to provide smart, simple, and secure e-payment services, the team drew strategic plans that emulate the developments in the FinTech industry, to meet the needs of the local market and ensure ultimate customer satisfaction.

Continuously providing innovative services, the Sultanate’s pioneering digital payments platform also seeks to study the current gaps in the payment industry and provide smart solutions that underline the objectives of the government and Oman Vision 2040 for digital transformation.

“According to a study conducted by the Payment Orchestration for Global Commerce, the global market for payment orchestration platforms (POPs) is expected to grow by 20 per cent annually until 2026. To keep pace with the growth, we refer to the data shared by our project and product management teams and measure its compatibility with future indicators of the sector,” said Omar Al Alawi, Project Team Manager at Thawani Technologies.

“Furthermore, prior to launching a product, we conduct extensive focus groups to examine the product’s functionality, security, and ease of use and tackle the challenges that the user may encounter. In addition, we consult a team of global and local experts to ensure that international practices are followed so we can offer our customers an enhanced user experience that exceeds their expectations.”

Founded in 2016, Thawani Technologies is an Omani company that specialises in providing smart payment solutions, while holding a global certificate in card security.

Licensed by the Central Bank of Oman, the company has been providing innovative payment solutions in financial technology, to expedite payments processes, improve user experiences, and make payments safer, faster, and easier. In addition to the basic payments system, Thawani Technologies provides smart payment solutions to meet the needs and challenges faced by institutions.

The company also provides services through its platform to pay bills, top-up credit, pay tuition fees, and social insurance. The company recently launched the updated version of its app, offering new products and significant improvements to its portfolio of services.