go back

Bank Muscat Visa prepaid card redefines convenience, security

​MUSCAT, 10 March 2019 

Bank Muscat, the flagship financial services provider in the Sultanate, in line with its vision ‘To serve you better, everyday’ and commitment to secure banking, has launched a feature-rich prepaid card in association with Visa. The prepaid card launch ceremony was held at the bank’s head office in the presence of Sheikh Waleed Al Hashar, Chief Executive Officer, and Marcello Baricordi, General Manager of Visa - Middle East and North Africa.

Prepaid to pay for all transactions, the reloadable card is designed for everyday use, enhancing convenience and security. The Omani Riyal Visa prepaid card can be loaded with a cash amount preferred by customers, as many times as needed.

Customers are required to maintain an account with Bank Muscat to acquire the prepaid card, which can be used in Oman and abroad. The special card is available in all Bank Muscat branches across the Sultanate. Customers can walk into a branch and instantly obtain up to 3 cards with a total paid-up limit of RO 2000.

Amjad Al Lawati, AGM – Cards & eBanking, said: “Bank Muscat in association with Visa is proud to launch the unique Chip and PIN Visa prepaid card which enhances security and convenience compared to cash. Electronic payment is fast becoming the preferred mode of secure payment in Oman. Customer convenience is the key driver of all our initiatives and at the core of the bank’s customer-centric vision is the commitment to further improve leadership by offering simplified and integrated banking solutions.”

The card has a paid-up limit of RO 2,000 and can be reloaded through the bank’s digital channels of mobile banking and internet banking and branches. Payments using the card are made against funds available on the card. All transactions are authorised using Personal Identification Number (PIN).

Bank Muscat cards, which spell convenience and security, are the preferred mode of payment in Oman. The wide range of Bank Muscat cards provide a secure option to pay for transactions at shopping malls, restaurants or holiday abroad. Embedded with an electronic chip, the cards ensure maximum protection and peace of mind.

The Visa prepaid card allows customers to be in total control of everyday spending. The available balance can be electronically checked through mBanking and internet banking channels.

In Oman and the Gulf region, customers can also check the available balance on prepaid card through Bank Muscat ATMs and other ATMs which display the OmanNet / GCC Switch logos.

The Bank Muscat Visa prepaid card is ideal for travel abroad. Safer and more convenient than carrying cash, the card can be used anywhere without carrying foreign currency.

The Visa prepaid card can be used for secure online transactions, as cardholders can limit the maximum amount that can be spent on the card. One-time-password (OTP) security service is provided when transacting online.

The card can be presented to family members as well as children in lieu of their pocket money. Parents can track online the spending by children. The Visa prepaid card is a safer and more convenient option than cash for households employing domestic helpers and drivers. The card can be used for regular household expenses and tracked to always stay within budget. Fuel spending is another regular expense which can be tracked through electronic statements available on mBanking and internet banking channels.

Unlike losing cash, cardholders can report loss of prepaid card to the bank’s Call Centre on 24795555 and block the card immediately. The 24/7 Contact Centre can be accessed ‘anytime from anywhere’.

Bank Muscat prepaid cardholders can step out in confidence and not worry about carrying cash with them. Using the prepaid card, cash can be withdrawn from any ATMs. The Bank Muscat prepaid card is accepted across Oman and overseas at all merchant locations and ATMs that display the Visa logo.