National Bank of Oman Partners With ONEIC for Real-Time Online PASI Payments

Press release
Published September 19th, 2018 - 06:49 GMT
During the event
During the event

National Bank of Oman (NBO) has signed an agreement with Oman National Engineering & Investment Company (ONEIC) to provide businesses a faster, more seamless and simpler way to making monthly payments to the Public Authority for Social Insurance (PASI). With the integration of Tasdeed, ONEIC’s innovative online payment solution, onto the Bank’s online portal, NBO corporate customers can now make payments online instantly and securely.

“We work in close partnership with both businesses and government entities to enhance our customers’ experiences across the length and breadth of the Sultanate through innovation and digital leadership,” expressed Hassan Abdul Amir Shaban, General Manager and Chief Government Banking Officer at National Bank of Oman. “We are continuously optimizing and upgrading our channels. Incorporating Tasdeed onto NBO’s online platform introduces our customers to an efficient and elevated way of bill payments using our Corporate Internet Banking services.”

He went on to say, “NBO has also focused on supporting the government’s strategic goals of pursuing e-governance by creating digital solutions that enhance the efficiency of both the public and private sectors.”

“This agreement is a vote of confidence from our partners at the National Bank of Oman in our service offering. We pride ourselves for facilitating a seamless and secure way for their customers to pay electricity, phone or other bills without the need to share any personal information. In turn, service providers will receive payments in the form of instant direct transfers to their accounts,” said Dr. Rashid Al Ghailani, CEO of ONEIC. “We are excited to be part of this new partnership with the National Bank of Oman, an organization that has continuously championed new added-value products and services for the community.”

Corporate customers can now make real-time payments with greater ease and convenience for PASI, all utility companies under Nama Holding and the Public Authority for Electricity and Water (PAEW), as well as the Indian School Darsait. A growing roster of service providers and academic institutions will be added to offer a one-stop solution with wider coverage, greater reach, and added convenience.

Background Information

National Bank of Oman

Founded in 1973, National Bank of Oman was the country’s first local bank, forging a rich history with Oman’s local businesses and its economy at large. Today, it is one of the largest banks in Oman, with a paid up capital of OMR (Omani Rials) 110.8 million (US$ 288 million) and a regulatory capital of OMR 377.8 million (US$ 981 million)*.​

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