GMEC launches Global Pay to drive digital payments in Oman

By Vriti Gothi

Global Money Exchange Co LLC (GMEC) has launched Global Pay, a new mobile payments application aimed at expanding digital financial services in Oman, as the country accelerates efforts to build a cashless and interoperable payments ecosystem.

The app is powered by Comviva’s Mobiquity Pay platform and marks a strategic partnership between GMEC and Comviva, the digital financial solutions provider and a subsidiary of Tech Mahindra. The launch aligns with Oman’s national digital transformation agenda, which prioritises electronic payments, financial inclusion and modernised financial infrastructure.

Global Pay offers a broad set of services, including digital onboarding, wallet top-ups, domestic peer-to-peer transfers, cross-border inward and outward remittances, bill and education fee payments, cash deposits and withdrawals, and foreign exchange ordering. The app is positioned as a single digital interface for everyday financial transactions, targeting both Omani nationals and expatriates.

Security and scalability were also highlighted by Comviva. Rajesh Chandiramani, CEO of Comviva, noted that transactions worth nearly $1 billion are processed daily on the underlying platform, underscoring the need for robust infrastructure capable of supporting high transaction volumes while meeting global security standards.

From a sector perspective, the launch is significant as it extends digital payments beyond traditional banking channels. Subromoniyan K S, Managing Director of Global Money Exchange, said users can pay utility bills and education fees without a bank account, supporting broader financial inclusion. He added that merchants can accept QR-based payments from customers of any bank or service provider in Oman, enabling full interoperability across the payments ecosystem.

Customer accessibility remains a core focus, according to Sonam Dorje, General Manager at Global Money Exchange, who said users can access support through GMEC’s branch network across Oman or via a dedicated helpline.

The initiative also reflects regulatory progress in Oman’s FinTech landscape. Madhusoodanan R, Executive Advisor to the Board at Global Money Exchange, said the company is the first money exchange in the country to receive a Payment Service Provider (PSP) licence, positioning Global Pay as part of the Sultanate’s broader push towards a cashless economy.

As Gulf markets continue to invest in digital payments infrastructure, Global Pay illustrates how licensed non-bank financial institutions are playing an increasingly central role in advancing interoperability, inclusion and secure digital transactions across the region.