MUSCAT, 20 January 2015 - Bank Muscat, the flagship financial services provider in the Sultanate, as part of its commitment to complement the government efforts to promote secure and convenient electronic payment infrastructure in the Sultanate, signed an agreement with the Information Technology Authority (ITA) to introduce a new internet payment gateway for government and semi government entities. The agreement to facilitate 'Cyber Source', one of the best internet payment gateway systems in the world, for government entities was signed by AbdulRazak Ali Issa, Chief Executive of Bank Muscat, and Dr. Salim al Ruzaiqi, Chief Executive Officer of ITA, at Knowledge Oasis Muscat (KOM). ITA is mandated by the government to promote electronic payment solutions to government institutions.
With proven credentials across the globe, Cyber Source is well equipped for electronic transactions with a strong fraud control system. Ensuring reliable, convenient and secure transactions in line with the government's vision and strategy for e-payment, the new internet payment gateway is expected to pave the way for new electronic services by government entities.
Dr. Salim Al Ruzaiqi said: “We congratulate Bank Muscat for introducing the new internet payment gateway which complements the government efforts to introduce secure and convenient electronic payment infrastructure in the Sultanate. The Sultanate's e-Government programme is aimed at bridging the digital divide and enabling citizens to communicate seamlessly with the government. By promoting Cyber Source to government entities, ITA is committed to making a real difference in the electronic payment scenario in Oman. We look forward to embarking on a new era in e-payment in Oman with the new e-payment gateway."
AbdulRazak Ali Issa said: “Bank Muscat is proud to join hands with ITA to introduce Cyber Source internet payment gateway for government institutions in Oman. We are thankful to the government for all initiatives as part of the e-Government strategy for making electronic payment the preferred mode of payment in the Sultanate. The bank's success in changing the customer payment behavior from 'cash to card' is encouraging.
Reflecting our commitment to providing the 'best in class' service, Bank Muscat continues to invest in cutting edge IT infrastructure, latest Point of Sale terminals and competent human resources available in the payments industry. It is this 'dedication' and 'commitment to service' that has made Bank Muscat the preferred electronic payment service provider to the nation. Our ability and flexibility to adapt, innovate and provide customised payment solutions have made us unique in the market."