BankDhofar and Modern Exchange recently signed a memorandum of understanding (MoU) to provide a payment gateway for international remittance. The MoU was mutually signed by Abdul Hakeem Omar Al Ojaili, CEO of BankDhofar, and Mr Jamal Said Al Ojaili, Vice Chairman, Modern Exchange, at BankDhofar’s Head Office. The payment gateway solution will be exclusive for BankDhofar and Maisarah customers

On the initiative, Abdul Hakeem Al Ojaili said: “At BankDhofar we are always keen to provide our customers with state-of-the-art services and products through adopting the latest technologies to exceed their expectations. We are proud to partner with Modern Exchange to provide them with a payment gateway service which will enable our customers to transfer money instantly through Modern Exchange mobile app and online portal. The payment gateway offers easy, highly secured payment solutions 24/7.”

Speaking during the signing ceremony, Philip Koshy, General Manager Modern Exchange said: “Digital Platforms form a critical portion of our everyday life. Be it on social media, professional networking or search we are all online. With the customer in mind we have customized our website and online portal to offer a better customer experience. We are proud to sign with BankDhofar to provide instant remittance service to BankDhofar account holders. We are looking forward to extend the service to other banks account holders.”

Modern Exchange app will be the smarter way to send money with capability of remittances being sent on the go. In addition to the above list of services Modern Exchange has retail networks in Oman with 31 Branches with the aim of reaching out and being closer to customers. With their wide reach and different product & service offerings Modern Exchange continues to grow exponentially in the remittance space.

BankDhofar is one of the best banks in the region, catering to customers’ needs and requirements, and setting the standard for best customer experience within the banking industry in the Sultanate through innovative products and creative solutions. Following best international banking practices, provision of outstanding customer experience, in addition to its commitment to community development and contribution to the growth of the national economy, has placed BankDhofar at the top of the list of best banks in the region.