Sohar Islamic announces free remittance through mobile banking app
By Leandra Monteiro
Sohar Islamic announced its Free Remittance Offer. The offer extended Until 31 December 2022 allows Sohar Islamic retails customers to transfer money to a local account or internationally with no charge when using Sohar Islamic mobile banking app.
Talking about the new offer, Abdul Wahid Al Murshidi, Chief Islamic Banking Officer said, “The Free Remittance offer is an exclusive solution to enable our customers to carry out instant money transfers with no fees. Additionally, customers can now make the most of the current exchange rates after removing the fees related to transferring money, especially for transfers abroad. This will definitely enhance the banking experience for our customers while supporting the broader digitalisation objectives of the nation.”
The Sohar Islamic mobile app features a modern, streamlined look that caters ease of navigation, allowing customers to do banking on the go with facilities to view account balances, transfer funds, pay utility bills, credit card payments and much more. Prior to the commencement of the campaign, prices for domestic transfers were between RO. 1 to RO. 3, while international transfer were charged RO. 5 per transaction in additional to the VAT.
With an all-pervasive culture of innovation, operations, and a keen focus on contributing to the country’s socio-economic progress, the bank continues to invest significantly in digitalisation, providing structured and customised array of relevant technologies and digital capabilities to ensure it is fully geared for the future.
IBSi Daily News Analysis
February 23, 2024
Regulated firms battle surge in financial crime attempts, research revealsRead More
IBSi FinTech Journal
- Most trusted FinTech journal since 1991
- Digital monthly issue
- 60+ pages of research, analysis, interviews, opinions, and rankings
- Global coverage