Global Financial Technology LLC (OmPay) has entered into a membership agreement with the Oman Credit and Financial Information Center (Mala’a). The membership agreement includes access to Mala’a’s Electronic Know Your Customer (E-KYC) service, known as Huwiya, that is designed to streamline electronic customer identity verification and enhance credit information accuracy.
The agreement, signed by Bassam Al-Jamali, General Manager of Mala’a, and Abdulaziz Al Rawahi, CEO of OmPay. Bassam Al-Jamali highlighted the agreement as a pivotal step towards advancing financial technology innovation in Oman, emphasizing, “By leveraging Mala’a’s E-KYC service (Huwiya), Oman Pay will enhance customer verification processes, promote financial inclusion, and strengthen our national economic framework.”
Abdulaziz Al Rawahi expressed his enthusiasm for the partnership, stating, “Our membership with Mala’a underscores our commitment to delivering innovative solutions that enhance transparency and accuracy in financial transactions.”
This collaboration between Oman Pay and Mala’a aims to enhance financial and informational services, bolstering Oman’s financial infrastructure and contributing to sustainable development goals.
Mala’a signed a membership agreement with Ithbar, a local Omani platform that offers financial solutions and crowdfunding services, to utilize Huwiya (Electronic Know Your Customer) and Murshid (Customized Credit Report) services. The agreement aims to support Ithbar to digitally onboard customers and get customized reports tailored for the corporate’s needs. The agreement was formalized with […]
Read articleSeptember 26, 2024Mala’a signed a membership agreement with Global Money Exchange to utilize Huwiya (Electronic Know Your Customer) service. This service is designed to digitally onboard customers and simplify electronic customer identity verification. This partnership is the first of its kind for Mala’a, bringing the Money Exchange sector into its membership fold. The agreement was signed by […]
Read articleSeptember 25, 2024Mala’a’s General Manager, Bassam Al Jamali, received the Credit Information Services Leader of the Year award by Alam Aliktisad awards 2024. This recognition honors his pioneering role in developing innovative solutions to enhance the financial sector and improve credit information services in the Sultanate. Mr. Bassam Bin Tariq Bin Abdul Redha Al Jamali brings in […]
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