Muscat, May 1st 2016 Oman Arab Bank (OAB), in collaboration with MasterCard, launched its first Corporate Credit Card to provide its growing corporate client roster with enhanced efficiency, flexibility and convenience in managing employee business expenses. The OAB MasterCard Corporate Credit Card offers customers the ability to seamlessly track and manage business related expenditure online as well as access Smart Data, MasterCard’s renowned suite of reporting and expense management tools. The new service also offers card holder level, department level and company level statements for tracking and accountability.

In addition, the new offering from OAB will provide Corporate Customers with a number of unique privileges and services including access to airport lounges in several major cities. Customers can also participate in the highly popular Priceless Arabia campaign, which gives cardholders a number of exclusive offers and experiences in the Middle East and North Africa from dining and shopping to exciting travel and entertainment options.

On the occasion, Alsalt Al Kharusi, Head of Corporate and Institutional Banking and GM at Oman Arab Bank, said, “This is our first collaboration with MasterCard. The launch of this new strategic product falls in line with our objective to cross sell new products to our corporate client base and further strengthen our relationships by providing innovative financial service solutions.”

Al Kharusi added, “The Oman Arab Bank MasterCard Corporate Credit Card is a sophisticated product that will open new avenues for business owners, entrepreneurs and companies in Oman and facilitate the way corporate expenses are managed and executed.”

Raghav Prasad, General Manager – Gulf Cluster, MasterCard, said, “Commercial payment solutions are a key area of focus for MasterCard, and we are excited to collaborate with Oman Arab Bank so businesses in Oman can streamline their purchasing processes to manage expenses efficiently. Through this partnership, Corporates can benefit from simple, safe and secure payments and the power of MasterCard Smart Data Gen.2, all while offering employees the rewards and benefits synonymous with premium credit cards.”

OAB has consistently spearheaded the growth of Corporate Banking in the Sultanate through the introduction of innovative products and solutions designed to fulfill the evolving needs of customers. The Bank’s Corporate Banking expertise spans Trade Finance, Project Finance, SME Business Banking and Treasury Services among others.