BankDhofar, the second largest Omani bank by market value, has selected Entrust to implement its Digital Card Solution (DCS) to provide customers with digital card capabilities for both the bank’s Islamic and Conventional Banking applications.
To enhance its conventional and Islamic banking applications with digital payment capabilities, BankDhofar has implemented the Entrust Digital Card Solution for Tap to Pay services and tokenisation enablement, making Dhofar the first bank in Oman to enable Tap to Pay services to its customers.
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“Dhofar-Pay”, customers can simply tap their mobile to make transactions easily without the need for a physical debit card, offering a seamless payment experience. During the first weeks of launch, the bank’s customers expressed their satisfaction with Dhofar-Pay’s security, convenience and ease of use. They activated the service through the bank’s application without any difficulty. The overall experience was described as “smooth”.
Dhofar-Pay allows users to securely add their existing Visa Debit and Credit Card details to their NFC capable Android phones
Once set up, the mobile phone becomes a digital card, enabling contactless payment transactions with a simple tap on POS terminals. This solution eliminates the need to carry physical cards, offering a seamless payment experience for customers.
With the Entrust Digital Card Solution and the NFC Issuer wallet for Visa VTS and MDES, BankDhofar is now enabling NFC payments for android devices, within its conventional and Islamic banking applications across debit and credit operations. Android users can now use the existing mobile banking apps as a digital payment wallet, and pay with their phone in-store.
Bilal Faiz Al Raiisi, AGM and Head of Cards and Bancassurance at BankDhofar, said: “BankDhofar is keen to embrace and implement latest technological solutions, which help in making banking easier and better for customers and solve their evolving needs. We were one of the first banks in Oman to launch tap to pay services and will continue to lead in that direction with tokenization services.”
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By GlobalDataTony Ball, President of Payments and Identity at Entrust, added: “It has been a pleasure working with an agile and digitally transformational bank like BankDhofar. We have achieved great successes with our implementation and Go-To-Market with 3-4 month timelines to enable the bank to meet their deadlines in-line with their digital strategy. We look forward to growing our relationship with BankDhofar as a trusted partner to one of the largest banks in the country.”
