OAB Signs Strategic MoU with United Finance to Enhance Customer-Centric Financial Services

 

Oman Arab Bank (OAB) has signed a Memorandum of Understanding (MoU) with United Finance Company (UFC), marking a strategic collaboration aimed at advancing customer-centric financial solutions through the adoption of the e-Mandate facility. The agreement was signed during an official ceremony between Mr. Sulaiman Al Harthi, Chief Executive Officer of Oman Arab Bank, and Mr. Nasser Salim Al Rashdi, Chief Executive Officer of United Finance Company.

 

The partnership reflects a shared ambition to simplify financial processes and elevate the customer experience by enabling secure, automated payment solutions. By leveraging the e-Mandate framework, both institutions will work together to introduce more efficient and transparent mechanisms for managing recurring payments, empowering customers with greater control and convenience in meeting their financial commitments.

 

This collaboration builds on Oman Arab Bank’s broader digital transformation journey, which focuses on strengthening financial infrastructure and expanding the scope of smart banking services across the Sultanate of Oman. Through partnerships that prioritise innovation and operational efficiency, the Bank continues to drive meaningful enhancements in how customers interact with financial services, while supporting the evolving needs of both individuals and businesses.

 

Commenting on the partnership, Mr. Sulaiman Al Harthi, Chief Executive Officer of Oman Arab Bank, said, “Our partnership with United Finance reflects our ongoing commitment to building meaningful collaborations that deliver practical value to our customers. By enabling the e-Mandate facility, we are not only simplifying payment processes, but also creating a more seamless and connected digital experience. This initiative reinforces our vision of developing a financial ecosystem that is responsive, efficient, and centred around customer needs.”

 

The MoU serves as a reflection of the current intentions of both Oman Arab Bank and United Finance Company to collaborate on innovative financial solutions. It underscores a joint commitment to digital enablement and customer-focused innovation, responding to the growing demand for secure, automated, and integrated financial services in Oman.