AmwalPay has announced a strategic partnership with Bank Nizwa, reflecting a broader shift in how banks approach the enablement of digital payment services within the Sultanate of Oman.
Under this partnership, AmwalPay enables Bank Nizwa to offer digital payment services to its merchants under the bank’s own brand, identity, and commercial framework. Bank Nizwa retains full ownership of the merchant relationship and customer experience, while relying on AmwalPay’s payment infrastructure to deliver secure and reliable online payment capabilities.
Enabling Banks Through Infrastructure, Not Competition
Rather than positioning itself as a merchant-facing competitor, AmwalPay operates as a payment infrastructure enabler for banks and financial institutions. By managing the technical, security, and operational aspects of payment systems at the platform level, AmwalPay allows banks to expand their digital offerings without the burden of building and maintaining complex payment systems internally.
This approach reflects a growing preference among banks to adopt ready payment infrastructure, enabling faster deployment, operational efficiency, and long-term sustainability for bank-led services.
A Locally Built Platform Supporting the Banking Ecosystem
Developed entirely in Oman, AmwalPay’s platform is designed to strengthen the national financial ecosystem by providing banks with modern, secure, and scalable payment capabilities. The focus remains on empowering banks while maintaining alignment with regulatory requirements and market needs.
Supporting the Next Phase of Digital Payments in Oman
The strategic partnership with Bank Nizwa highlights how collaboration between banks and fintech infrastructure providers is shaping the next phase of digital payments in Oman — where speed, resilience, and secure enablement are becoming critical to sustainable growth.
