NBO Sets New Record for Processing Salaries in a Single Day

Continuing to lead digital transformation in the Sultanate’s banking industry, National Bank of Oman (NBO) set a major new benchmark in its corporate banking segment by processing over 156,000 beneficiaries through its online salary processing system in a single day. 

The processing of salaries electronically was made mandatory for all government and private establishments by the Central Bank of Oman in January as part of Oman’s nationwide eGovernment initiative and move towards a digital society, an innovation which NBO was more than ready to accommodate. NBO was among the first local banks to migrate all services to its digital platform, under the guidance of the Ministry of Finance, Ministry of Labor and Central Bank of Oman, as the bank continues to take great strides towards the priorities set by Oman’s Vision 2040. 

Hamood Al Sawai, Deputy Head of Operations at NBO, said, “In challenging times such as these, the importance of reliable automated services further retirates the need for businesses to modernise and prioritise continuity by moving to digital platforms. Passing this unique milestone is proof that NBO’s solutions are ready to help our customers adapt and keep businesses functioning as normal. Our secure online channels are ready to serve with a host of banking services, offering a number of benefits that enable organisations large and small, public and private, to bank fast, secure, and hassle-free.”

He added, “We are grateful to the Central Bank of Oman and the Ministry of Finance for their continued support and guidance in implementing these cutting edge systems for the benefit of our customers across the country.” 

NBO’s Corporate Internet Banking, empowers government, corporate and retail customers to make instant transactions, payments and transfers, access account balances, make on-the-spot enquiries, access non-financial services and complete transaction histories on all of the their accounts. Available free and accessible 24/7, the frequently-updated digital service positions NBO for Oman’s new digital economy and is enhanced by the bank’s best-in-class expertise, superior customer experience and industry-leading security protocols.

Adding to its suite of leading business solutions, online salary processing enables employers to streamline their local and international remittances, processing salaries quickly and securely, as well as making real-time utility payments, wherever they are located. Ideal for on-the-go banking, Corporate Internet Banking is part of the NBO’s commitment to provide a state-of-the-art and user-friendly experience for its corporate customers, while helping them become more digitally-enabled.

For more information about the features of NBO’s Corporate Internet Banking service and to apply for an account, call 24774330 or visit www.nbo.om.