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Omantel’s eFloos enables easy money transfers

Omantel reaffirms its commitment to offer value added services. With the introduction of ‘eFloos’ digital wallet, customers can make safe and swift payments, especially through the coronavirus (COVID-19) pandemic, where social distancing is required to stop the spread of the virus.

The digital wallet, which was launched in March 2019 in collaboration with Sohar International and Arab Financial Services (AFS), enabled over 12,000 users to perform transactions to India, Sri Lanka, Malaysia, Nepal, UK, Pakistan, Bangladesh and the Philippines through a mobile application without the need for a bank card, a press release said.

As a pioneering technological innovation in financial transactions industry, the digital wallet ‘eFloos’ has been well received and widely used. Although it was initially confined to transactions among eFloos users only, the digital wallet currently enables its users to perform fund remittances with users of other digital wallets or banks in the sultanate.

Mohamed al Hakmani, Omantel’s senior manager of Emerging Services – Consumer Business Unit, said, “We strive at Omantel to align our efforts and initiatives with Oman Vision 2040 through continuous investment in ICT infrastructure and solutions. Last year when we were planning to offer a fintech solution that offers users ease of cashless payment and remittances, we entered into partnership with Sohar International, a leading bank in the Sultanate of Oman to launch eFloos in March 2019. We are proud of the customers’ response that saw the number of users growing to 12,000 now.”