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BankDhofar inks partnership with TelyPay

BankDhofarBankDhofar has signed an agreement with Omani FinTech start-up TelyPay. The agreement was signed on the sidelines of the launch event of ‘Technology platforms in the financial and insurance sector’, according to media reports.

“…This collaboration reflects our vision and continued efforts in providing innovative services and cutting edge technology solutions for banks. TelyPay is supported by the Oman Technology Fund (OTF). Through this partnership, BankDhofar will support them refine and deploy their financial services. BankDhofar and TelyPay have common visions when it comes to creativity, innovation, transparency…,” said Abu Baker Karim Al Balushi, Head of Information Technology at BankDhofar.

OTF was launched by the Oman Investment Fund in October 2016 and has partnered with Hambro Perks, a London, UK-based Venture Capital fund and global accelerator network, to train and accelerate the growth of selected technology start-ups in Oman.

“…Consolidating this partnership with BankDhofar is just the start of a long relationship that we foresee. This relationship would bring more Fintech services into the Omani market, services that would make payment more convenient and that would empower customers to do more with their money. The services that are coming up would help support the Omani e-commerce and paid services ecosystems,” said Ahmed Al Shibli, CEO of TelyPay.

“Our partnership with BankDhofar would allow us to offer more independent forms of payment that would satisfy a large cross-section of the Omani market in the short term and the regional market in the long term,” he added.

Recently, Islamic banking software company Path Solutions upgraded core banking platform of Maisarah Islamic Banking Services of BankDhofar.

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