The Banking Executive Magazine - July 2023 Issue

The OMPay Merchant App, a mo- bile-based business platform provid- ing cashless payment solutions for local businesses, has been launched in Oman. Now, with the help of the one-stop app, merchants can digitise their billing processes without any extra- added or hidden costs. OMPay em- powers its users with useful payment APIs such as a personalised dash- board, QR codes and payment link generation for sharing through chat portals, ease of view of transaction history, and enhanced data privacy and security. The app enables merchants to ex- pand their services beyond POS ter- minals and cash-based transactions. Merchants can register themselves and use the app to access quick, convenient and instant digital pay- ments, that too at a lower fee. OMPay is an emerging platform that gives business owners a sense of in- dependence from the conventional systems of payment retrieval. This app has been created keeping the SMEs, registered home businesses and big corporates in mind. It is con- tinuing to map out a transformative path for the Omani business sector and augmenting its growth. “We aim to provide a decentralised platform for large corporations and SMEs regardless of their field of busi- ness. Today, the world is evolving to- wards fintech, and a 360-degree finance management system like OMPay can bring a much-needed boost,” said Abdul Aziz Rawahi, CEO of OMPay. the BANKING EXECUTIVE 54 ISSUE 175 JULY 2023 OMPAY MERCHANT ALL-IN-ONE APPLICATION PLATFORM LAUNCHED FinTech and AI Chornicle