Oman Arab Bank Expands Digital Payments Ecosystem Through Strategic Collaboration with Genacom
Oman Arab Bank has entered into a strategic collaboration with Genacom Shipping and Delivery, marking an important step in strengthening digital payment acceptance and supporting the evolving needs of Oman’s logistics and delivery sector. Under the agreement, Oman Arab Bank will provide Genacom with a comprehensive suite of payment solutions, including the OAB Payment Gateway, Point of Sale terminals, and Soft POS services. These solutions are designed to enable secure, reliable, and efficient acceptance of electronic payments across multiple channels, supporting both local and international card transactions.
The collaboration reflects Oman Arab Bank’s continued commitment to enabling businesses with advanced financial infrastructure that enhances operational efficiency, improves cash flow management, and delivers a seamless experience for end customers. By adopting OAB’s payment solutions, Genacom will benefit from end-of-day transaction settlement, competitive transaction pricing, and the waiver of one-time and recurring service fees, allowing the company to focus on scaling its operations and service excellence.
Commenting on the partnership, Mr. Juma Al Fulaiti, Deputy Head of Retail Banking in Oman Arab Bank, said, “This collaboration with Genacom underscores our commitment to empowering businesses with dependable and future-ready payment solutions. Oman Arab Bank recognizes the critical role that secure and uninterrupted payment systems play in supporting operational resilience, particularly in fast-growing sectors such as logistics and delivery. Through this partnership, we are proud to support Genacom’s growth journey while contributing to the broader digital transformation of Oman’s economy.”
OAB’s payment gateway and POS solutions are widely recognized in the market for their stability, security, and ability to perform consistently. The bank’s focus on innovation and customer-centric solutions has positioned it as a trusted partner for businesses seeking to modernize their payment infrastructure. The agreement also aligns with Oman Arab Bank’s strategic vision to expand digital banking capabilities and promote cashless transactions across the Sultanate, in line with national economic and digitalization objectives.
By combining Genacom’s operational expertise in shipping and delivery with Oman Arab Bank’s robust payment ecosystem, the partnership is set to create meaningful value for both organizations while enhancing the overall customer experience. This collaboration reinforces Oman Arab Bank’s role as a key enabler of business growth, offering solutions that are secure, efficient, and tailored to the needs of today’s dynamic commercial environment.
