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Thawani Participates in Banking & Finance Confex 2017

Thawani Participates in Banking & Finance Confex 2017

Muscat, December 12, 2017: 

Thawani, Oman’s innovative mobile e-payment start-up, recently participated in the Banking & Finance Confex, a landmark event that brings together leaders in the banking and finance sector from Oman and the region to boost economic development and facilitate greater investment flows between the government and private sector. As part of its participation in the event, Majid Al Amri, the Founder and Managing Director of Thawani, also delivered a key note address.

The Banking & Finance Confex was held on December 10 – 11 at the Sundus Rotana, Muscat, under the patronage of His Excellency Tahir Salim Al Amri, Executive President of the Central Bank of Oman. The programme included several key note speeches, panel discussions and workshops. There was also an exhibition at the premises with companies from all areas of the Banking and financial sector showcasing their services, facilities, and technology. The two-day event was attended by over 120 visitors including Government officials, business leaders, accounting and finance professionals, entrepreneurs, and university students.

As the Managing Director of Thawani, a proudly Omani e-payments company, Majid Al Amri’s key note presentation was focused on ‘Finance Technology’. Commenting on the Banking & Finance Confex, he said, “Advancements in FINTECH, as with the development and launch of our Thawani app, are vital for the government and the Sultanate as a whole, to meet its financial goals of economic diversification. It does so by providing increased data and clarity with transactions, offering an enhanced financial experience and empowers both businesses and consumers to make more informed decisions. This in turn leads to increased consumer demand and also accelerates the growth of SMEs, a sector vital to the growth and development of any economy.”

The Thawani payments platform and app was launched on 2 May 2017 under the patronage of His Highness Sayyid Taimur bin As’ad bin Tariq Al Said, marking the beginning of a new era of easy and secure e-payment solutions in the Sultanate of Oman. Thawani works as an integrated platform to manage the payments system for both consumers and business owners. It does so by using smart phones and QR codes in a way that fully maintains the user’s data privacy and is in line with the highest local and international regulatory standards. The platform also includes a special version for business owners allowing them to easily manage the payments process, the income, and the billing systems from their smart phones. The payments platform performs regardless of the size of the company or the number of branches and it can do so remotely, without the owner having to be present at the company.

As part of its participation in the event, Thawani also manned a stand at the event where it showcased a live demo of the app and its many features and benefits it provides both buyers and sellers.

“On behalf of Thawani I would like to commend the organiser of the Banking & Finance Confex for hosting such a well organised event. It provided a great stepping stone for new start-ups in Oman while also helping forge new business relationships. We look forward to participating in more similar events in the future,” added Majid.

The Banking & Finance Confex aims to boost economic development and facilitate greater investment flows between the government and private sector, most notably in the areas of enabling infrastructure finance, boosting international trade & investment flows, and deepening financial inclusion. The forum serves to strengthen the link between the banking community and industry.

For more information on Thawani go online to www.thawani.om or call +968 2456 5013, you can also follow the brand on its ‘ThawaniPay’ Facebook and YouTube  page, on Instagram and twitter @Thawani_Pay.