Bank Muscat has launched Oman’s first mobile wallet, marking a secure and convenient payment channel. Called bm Wallet, it is a ‘cash on mobile’ solution which can be used for cash transfers to other mobile wallet users based on mobile numbers and aliases. The wallet app can be accessed on all iOS and Android devices and is available free of cost in both English and Arabic in iOS and Android app stores. To begin with, bm Wallet can be used to transfer funds to other bm Wallet users just by using their mobile numbers. Funds can also be transferred to non-Bank Muscat customers’ wallets by using their mobile number/alias if they are registered with the Central Bank of Oman’s mobile payment and clearing system. The funds can also be transferred back from bm Wallet to the user’s Bank Muscat account.
