The National Bank of Oman (NBO) has entered into a strategic partnership with PayMate India SPC, a prominent B2B digital payments company.
This collaboration aims to transform the B2B payment landscape by leveraging PayMate’s innovative solutions.
This significant partnership is designed to modernise and streamline business-to-business (B2B) payment processes using Visa Business Credit Cards, offering a more efficient transaction method for corporate and SME clients of NBO.
The National Bank of Oman, a pioneer in the Omani financial sector, offers a wide range of services, including personal banking, corporate banking, and investment opportunities. Their commitment to innovation is evident in their continuous efforts to introduce advanced financial solutions to the market.
PayMate India SPC specialises in B2B digital payment solutions, providing automation and digital transaction facilities. Their advanced platform facilitates seamless transactions, offering customisable processes and ERP integration for businesses.
The partnership is set to enhance business efficiency with detailed reporting, quick reconciliation, and transparent cash flow visibility. Notably, the Visa Business Signature Card enables clients to maximise their credit limits, supporting strategic business growth without depleting cash reserves.
Additionally, the Visa Business Credit Cardholders from NBO will enjoy a suite of benefits, including travel insurance, exclusive discounts, 24/7 concierge services, and access to over 1,000 airport lounges worldwide.
National Bank of Oman, Assistant General Manager Retail Products, Maha Saud Al Raisi, stated: “We are excited to empower local businesses with more flexibility and efficiency, making transactions smoother and easier for them. Our partnership with PayMate ensures a safe transaction environment, providing detailed reports, and clear cash flow visibility.”
PayMate, Vice President & Business Head, CEMEA, Ashwin Shenoy, mentioned: “We, at PayMate, are excited to announce our partnership with the National Bank of Oman to offer B2B payment solutions to corporates and SMEs in the Sultanate of Oman.”
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