back Back

Bank Nizwa rolls out eco-friendly debit card for corporate & SMEs

By Delisha Fernandes

August 14, 2023

  • Bank Nizwa
  • Cash Withdrawals
  • Debit Card
Share

Bank Nizwa
Bank Nizwa, an Islamic bank in Oman, has announced the launch of an eco-friendly corporate debit card in the Sultanate.

The newly launched cards cater to the specific needs of corporate and SME clients, providing a convenient solution for business transactions. With round-the-clock access to company accounts, smart and customisable services, and the highest levels of transparency in operations, the cards are aimed at making transactions more seamless and prompter while reducing the hassles of dealing with cash.

Cardholders can enjoy multiple benefits such as cash withdrawals and deposits, secure, contactless payments at Point of Sale (POS) machines and e-commerce platforms and accessibility across a diverse network which includes OmanNet and GCCNet as well as Mastercard – International. Whilst incorporating several innovative features, the cards also firmly adhere to Islamic banking principles.

Khalid Al Barwani, Deputy General Manager Wholesale Banking at Bank Nizwa said, “Vigilant and responsive to the evolving demands of the market, Bank Nizwa has been able to identify and address the common challenges encountered by corporates when it comes handling transactions and making payments. The new eco-friendly corporate debit card will help companies to better control and monitor expenses and gain real-time insights into their accounts. For SMEs and other corporates, transparent and accurate expense management that reduces the chances of errors or frauds is a critical factor that contributes to growth.”

Corporate debit cards allow for customisable transaction limits and the flexibility to enable or disable specific services. With a focus on convenience, customers can use the Bank Nizwa app to activate the card and change or reset the PIN. Furthermore, the cards can also be personalised to showcase company branding. In addition, to incorporate end-to-end sustainability in design, the cards are eco-friendly, and the welcome kit is made of seed paper.

Previous Article

August 14, 2023

4 FinTech mobile apps facilitating digital banking services in Middle East

Read More
Next Article

August 14, 2023

NPCI rolls out UPI Chalega 3.0 promoting instant digital payments

Read More






IBSi Daily News Analysis

June 21, 2024

Bank Nizwa

Industry experts react after India FIU fines Binance $2.2m, signaling tougher digital asset regulations

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

June 21, 2024

MECCA & Adyen to offer a seamless payments experience in Australia

Read More

June 21, 2024

Vipps, MobilePay launch cross-border P2P payments in the Nordics

Read More

June 21, 2024

FinTech Focus: Catch latest developments of the week

Read More

Related Reports

Sales League Table Report 2024
Know More
Global Digital Banking Vendor & Landscape Report Q1 2024
Global Digital Banking Vendor & Landscape Report Q1 2024
Know More
Wealth Management & Private Banking Systems Report Q1 2024
Wealth Management & Private Banking Systems Report Q1 2024
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q1 2024
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2023