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Bank Muscat to provide Corporate Internet Banking solution to Salam Air

MUSCAT, 24 October 2019 

Bank Muscat, the flagship financial services provider in the Sultanate, and Oman-based Salam Air have signed an agreement to on-board the budget carrier to Bank Muscat’s Corporate Internet Banking platform. The agreement was signed by Tariq Atiq, DGM - Transaction & Public Sector Banking, Bank Muscat and Capt. Mohamed Ahmed, CEO, Salam Air, recently and comes as part of the Bank’s initiative to on-board more corporates to the digital solutions and services provided by the bank.

Corporate Internet Banking is a payments solution, which can take care of all payments of corporate clients in a safe and secure manner. The platform is bilingual (Arabic and English) and is also device and browser agnostic. It allows corporate decision makers to view account details in real-time and download statements as well as the audit trail of transactions. The platform supports various types of transactions including: Omani Rial and foreign currency transactions, international transactions, one-time payments, file uploads for salary and vendor files in Omani Rial, wage protection system (WPS) salary file, special payments like credit cards payments and bill payments. There is also a utility bill payment module with integration into biller system.

Tariq Atiq, DGM - Transaction & Public Sector Banking, Bank Muscat, said: “We are happy to on-board Salam Air onto our Corporate Internet Banking platform. Bank Muscat is striving hard to help corporates keep pace with rapid technological developments and optimise their performance. With a number of innovative online banking developments, Bank Muscat is in a position to provide comprehensive, cutting-edge banking solutions to organisations of any size and across all sectors.”

Capt. Mohamed Ahmed, CEO, Salam Air, said: “On-boarding to Bank Muscat’s Corporate Internet Banking platform will substantially improve the satisfaction of our different stakeholders. We are happy to partner with Bank Muscat in implementing this cutting-edge financial technology that will greatly enhance our employee efficiency as well as our performance as a leading budget carrier in the region.”

Bank Muscat also offers corporates other tailor-made solutions such as the niche B2B Connect, Remote Deposit Capture and Direct Debit solutions. With the B2B Connect solution, corporates can carry out payment approvals in their ERP and the information can flow to the bank for processing. Through this solution, institutions can build an efficient and robust payment and reconciliation system. As a trusted banking partner, Bank Muscat remains committed to supporting large corporates and institutions in smoothly transitioning towards efficient technology-focused processes.