- BankDhofar will connect with IndusInd Bank to enable customers to transfer up to OMR 1,000 to deposit accounts in India instantly through BankDhofar's Mobile Banking App
Muscat: Within its ongoing efforts to ensure a convenient banking experience for its customers, BankDhofar is pleased to announce that it is the first bank in the Sultanate to partner with Ripple – the leading provider of enterprise blockchain solutions for global payments, to drive real-time payments into India.
BankDhofar will connect with leading Indian private sector bank, IndusInd Bank, on Ripple’s global payments network, RippleNet. This partnership will enable cross-border transactions made via the BankDhofar Mobile banking App to be processed instantly, reliably, cost-effectively and with end-to-end visibility anywhere in the world.
The first-of-its-kind service in the Sultanate will enable BankDhofar customers to transfer up to OMR 1,000 to deposit accounts in India instantly through BankDhofar's Mobile Banking App.
Commenting on this step Abu Baker Karim Al Balushi, Head of Digital Banking at BankDhofar noted: “At BankDhofar, we are always putting digital solutions and innovation at the core of our strategy to improve the experience of our customers. This service will enable BankDhofar to be in a leading position to offer a range of new products and instant payment services. Our customers will be able to transfer and deposit money to bank accounts in India instantly. We look forward to activating the service to other countries across the world.”
Navin Gupta, Managing Director of South Asia and MENA at Ripple added: “More than ever, people need to send money to loved ones abroad. We are excited to partner with BankDhofar and IndusInd Bank to enhance the cross-border payments experience from Oman to India to be easier, cheaper and more reliable with blockchain technology.
BankDhofar had joined the leading Blockchain consortium BankChain and was the first bank in the Sultanate to join BankChain to support the best practices and solutions in the Blockchain. Going live on RippleNet enables BankDhofar to improve its customers’ satisfaction through maximizing operations efficiency, security and transparency.
BankDhofar's Mobile Banking App offers a wide range of exclusive services that are available only through its award-winning App. The services include; instant transfer to any bank in the Sultanate, cardless cash, mobile top-up for all telecom providers in the Sultanate, increasing withdrawal limit to OMR 5,000, Instant International money transfer service through Western Union, which is available for non-BankDhofar customers as well, among other services. BankDhofar customers can also access its financial services through a wide network of branches, ATMs and CDMs around the Sultanate, that work round-the-clock with the highest ATM uptime. As a further milestone in its innovative customer service, the Bank launched Cardless ATM Banking Services using mobile number. The first of its kind service in the world enables customers to conduct ATM transactions easily only by using their mobile numbers.
To learn more, check out BankDhofar pages on social media: Facebook ( www.facebook.com/BankDhofar ), Twitter (@BankDhofar), Instagram ( www.instagram.com/BankDhofa r), or visit the official website www.BankDhofar.com or contact the call centre 24/7 on (+968) 24791111.
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© Press Release 2021
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