Bank Muscat Wins BNY’s STP Award for Continued Excellence in Direct Payment

Bank Muscat, the leading financial services provider in the Sultanate of Oman, has been honoured with the prestigious ‘The Bank of New York Mellon Corporation (BNY) STP Award for excellence in US dollar-denominated fund transfers for commercial and financial payments. BNY, America’s oldest bank and the first company listed on the New York Stock Exchange, recognized Bank Muscat for its advanced digital infrastructure and adherence to global standards in the SWIFT system, which facilitates seamless, efficient payment processing.
Commenting on the achievement, Talal Abdul Hameed al Zadjali, Deputy General Manager – Operations, Bank Muscat, said: “This award, which the Bank consistently receives, demonstrates its exceptional ability to process payments promptly and securely with minimal risk or delay. Achieving this standard of quality in banking services, especially in remittances and foreign payments, is a priority for the Bank. The repeated recognition from various international institutions highlights the quality standards the Bank maintains in its electronic payment services, affirming its leadership in the banking sector and strengthening its position in adopting modern technologies for efficient transaction processing”.
Bank Muscat continues to strengthen its leadership position by offering superior banking services and solutions, with a focus on product innovation and the expansion of electronic payment and online services. Its ongoing efforts to meet the needs of diverse sectors through new products and enhanced channels have been widely recognized.
In recognition of its excellence in payments and banking services, Bank Muscat has received numerous awards this year from international banks, including Citibank, Wells Fargo and JP Morgan. It has also been honored by esteemed institutions such as Global Finance, Euromoney, The Banker, and EMEA Finance for its exceptional service to both individual and corporate customers.
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