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Thawani Technologies Company hosts delegation headed by CBO Executive President

Thawani Technologies Company hosts delegation headed by CBO Executive President

Muscat, 15 April 2019:

Thawani hosted a delegation headed by His Excellency Tahir bin Salim Al Amri, Executive President of the Central Bank of Oman (CBO). The visit came within the framework of the invitation extended by the company to CBO to review the progress and challenges faced by fintech companies which offer technological services in the areas of electronic payment, financial transaction processing solutions and services. The prospect of upgrading the systems to employ modern technologies supporting the provision of innovative services in the sector was also discussed during the visit.

Within a short period, Thawani Technologies Company has already attained a number of achievements. It has focused its efforts to create unique projects placing it among the top companies operating in the sector in the Arab world.

During the visit, Thawani Technologies Company offered proposals to develop new products in line with the global developments in the sector. It also made a proposal to create a pilot sandbox which allows firms in the technology sector to test innovative ideas. Possibility of modifying regulations and policies to facilitate the sector’s innovators and developing and employing modern technologies such as Internet of Things and Artificial Intelligence were discussed.

His Excellency Tahir bin Salim Al Amri said that the Central Bank supports the growth of the financial technology projects in the Sultanate and is keen to study about the global experiences in the sector and benefit from them.

“We seek to overcome the challenges facing the sector and amend the legislations and regulations to enable these projects to work in line with global modernisation in the sector. We support innovation in the sector and seek solutions to suit the Sultanate’s positioning towards digital transformation and e-governance,” he said.

The Thawani platform was founded on March 2016. Marking the beginning of a new era of easy and secure e-payment solutions in the Sultanate of Oman. The pioneer e-payment platform has seen steady growth during the last few months and gained the trust of both users and merchants in Oman.

For more information on Thawani, visit www.thawani.om or download the free App from your favourite app store.