Muscat – Sharikat Mubasher: Arab Financial Services (AFS) and Samsung Gulf Electronics announced the introduction of Samsung Pay in Oman.
The agreement improves AFS’s presence in the Omani market and expands Samsung Pay’s reach, improving Omani consumers’ daily transactions’ convenience and security, according to a press release issued recently.
This follows the Central Bank of Oman’s recent card tokenization instructions for banks and payment providers. The agreement improves Oman’s financial environment and encourages innovative digital payment methods, marking a major step in its digital transition.
Ajmal Basheer, AFS Head of Processing, commented: “This milestone strengthens our partnerships with Omani banks while fostering innovation and competitiveness. By supporting Samsung Pay adoption, AFS is contributing to Oman’s economic growth and regulatory objectives, making transactions more efficient and inclusive. We’re committed to driving these advancements, ensuring our clients and the financial community benefit from modern solutions that meet their evolving needs.”
Samsung Pay ensures bank compliance and reduces compliance risks and penalties by following global payment security standards. Tokenization and biometric authentication make mobile payments secure and convenient.
This regional banking accomplishment reinforces AFS’s commitment to the Omani market and helping banks and regulators digitize payments. AFS promotes digital transactions and the financial ecosystem in Oman by leading Samsung Pay implementation.
