In line with global digital trends and the Bank’s commitment to implementing online innovative banking solutions and services, Bank Muscat, the leading financial service provider in the Sultanate of Oman, has launched the Tap‘N’Go service available on various Android devices that are enabled with the Near Field Communication (NFC) feature. The service eliminates the need of having a physical terminal to accept payments. To launch the new service, it is worth noting that a memorandum of understanding was recently signed by Bank Muscat and Visa. The memorandum was signed by Abdullah bin Hamood Al Jufaili, Assistant General Manager, Digital Banking, Bank Muscat and Manish Gautum, Visa’s Country Manager for the Sultanate of Oman. Launching the new service came in translation of the Bank’s vision “To serve you better, everyday,” aiming to facilitate customers’ access to a suite of innovative digital banking services and solutions that cater to their diverse needs and recent preferences. The new service also allows customers to initiate and complete transactions in a quick and secure manner.
The new service is a revolutionary technology that allows merchants and business owners including home business owners to accept card payments directly on their Android phones and smart devices of version 11 and above. All NFC-enabled payment cards may be used for customers to initiate payment transactions via the Tap‘N’Go application. This digital service is available for Bank Muscat and Meethaq customers alike. However, merchants have to open a merchant account that allows business to accept card payments, in addition to opening a Bank Muscat corporate account. Furthermore, the technology also enables merchants to verify their transactions through the application which can be directly downloaded using the App Stores on the Android smartphones and following the steps illustrated onhttps://www.bankmuscat.com/ar/Business/Digitalsolutions/Pages/TapAndGo.aspx.
Tap‘N’Go users will receive a daily account statement on their registered email ID and may also check the completion status of their transactions by viewing the last transactions initiated through the application as well as verifying the transaction amounts. Customers may also void transactions through the appon the day of its initiation.
Speaking on the occasion, Abdullah Hamood Al Jufaili, Assistant General Manager, Digital Banking, Bank Muscat, said: “We are delighted about the launch of the new digital service. The digital transformation trends we are experiencing todayhave brought about a positive change in the manner of running businesses and initiating online banking transactions. Hence, this new technology will enable merchants to shift to using innovative banking options for initiating payment transactions quickly and securely. Bank Muscat is committed to constantly developing its online platforms including the Mobile Banking Application by means of supplying it with modern and innovative digital payment features. The continuous enhancement of the Bank’s platforms is to keep pace with the latest digital developments, enhance customers’ experience, and bring about better overall responsiveness to the Bank’s services and facilities. Bank Muscat will continue its support to providing customers with the best banking services and solutions.”
It is worth noting that the launch of Tap‘N’Go application adds to the Bank’s growing portfolio of customer-centric services and facilities, including the Soft Token App authentication. Internet Banking transactions, instant opening of Themaar Savings Plan, viewing access for minor accounts, payments to Pakistan and Bangladesh wallet, Speed transfer to Egypt, Friendi Mobile Top Up, payment to government for Value added Tax (VAT), Excise Tax and Corporate income Tax, VAT statement for Corporate customers, Group Bill Payments which allow users to submit multiple Bill Payment transactions in a single click, setting SMS Language instantly by Internet Banking & Mobile Banking, performing QR payment by doing a phone shake, MEDC electricity prepaid & post-paid payment, Muscat Finance and National Finance Loan Installment payment and payments to new educational institutes, in addition to the NFC feature available on ATMs & CDMs.
For further details about the Bank Muscat merchants payment solutions, customers may visit the online page available on TapAndGo (bankmuscat.com).
