PHOTO
31 August 2016
Muscat - Bank Muscat, the flagship financial services provider in the Sultanate, in line with its 'Let's Do More' vision and focus on innovation to provide a distinct banking experience, has launched a new feature on its mobile banking application for international usage of debit cards.
Enhancing security, the new mBanking feature allows customers to disable/enable debit card for international usage. By default the debit cards are enabled for international usage. The customer can log into mBanking app and place an instant request to disable debit card for international usage on ATM and PoS.
Customers can also at any point of time log into mBanking app later and place an instant request to enable debit card for international usage on ATM and PoS for all or specific countries.
These requests do not impact any ecommerce transactions on the web.
Customers also have the mBanking option to enable or disable debit cards for a particular date range.
Allaying card security concerns, the service requests are authenticated by one time PIN (OTP) confirmation.
Amjad al Lawati, AGM -- Cards & eBanking, said: "Driven by the latest technological features offering a wide range of options, mBanking presents a unique facility from Bank Muscat that lets customers bank at convenience from 'anywhere, anytime'.For people constantly on the move, mBanking service is a boon.
Robust security features have been built into the 'trusted' mBanking application.
Data exchange from this application is encrypted based on best industry standards and dual factor authentication."
The feature-rich and easy-to-use mBanking services include real time bill payment and presentment facility for Oman Mobile, Ooredoo, OIFC; fund transfers across the world via the bank's SWIFT network; speed transfer to India, the Philippines and Sri Lanka; mutual fund purchases; instant credit card bill payments; Zakat calculator and charity payments.
The international fund transfer facility has a maximum daily limit of RO 2,500. The limit of speed transfer to India is RO 2,500 a day and to the Philippines and Sri Lanka, the maximum daily limit is RO 300.
The transaction limit for mutual fund purchases through Bank Muscat Asset Management is RO 5,000 a day.
Customers can make Zakat payment up to a maximum of RO 2,500 a day and for charity payment, the maximum daily limit is RO 500. For each of these services, mBanking customers are allowed up to five transactions a day.
The mBanking transaction limit for transfer of funds to other banks within Oman is RO 2,500 a day. The limit for transfer of funds within own accounts is RO 7,500 a day.
Muscat - Bank Muscat, the flagship financial services provider in the Sultanate, in line with its 'Let's Do More' vision and focus on innovation to provide a distinct banking experience, has launched a new feature on its mobile banking application for international usage of debit cards.
Enhancing security, the new mBanking feature allows customers to disable/enable debit card for international usage. By default the debit cards are enabled for international usage. The customer can log into mBanking app and place an instant request to disable debit card for international usage on ATM and PoS.
Customers can also at any point of time log into mBanking app later and place an instant request to enable debit card for international usage on ATM and PoS for all or specific countries.
These requests do not impact any ecommerce transactions on the web.
Customers also have the mBanking option to enable or disable debit cards for a particular date range.
Allaying card security concerns, the service requests are authenticated by one time PIN (OTP) confirmation.
Amjad al Lawati, AGM -- Cards & eBanking, said: "Driven by the latest technological features offering a wide range of options, mBanking presents a unique facility from Bank Muscat that lets customers bank at convenience from 'anywhere, anytime'.For people constantly on the move, mBanking service is a boon.
Robust security features have been built into the 'trusted' mBanking application.
Data exchange from this application is encrypted based on best industry standards and dual factor authentication."
The feature-rich and easy-to-use mBanking services include real time bill payment and presentment facility for Oman Mobile, Ooredoo, OIFC; fund transfers across the world via the bank's SWIFT network; speed transfer to India, the Philippines and Sri Lanka; mutual fund purchases; instant credit card bill payments; Zakat calculator and charity payments.
The international fund transfer facility has a maximum daily limit of RO 2,500. The limit of speed transfer to India is RO 2,500 a day and to the Philippines and Sri Lanka, the maximum daily limit is RO 300.
The transaction limit for mutual fund purchases through Bank Muscat Asset Management is RO 5,000 a day.
Customers can make Zakat payment up to a maximum of RO 2,500 a day and for charity payment, the maximum daily limit is RO 500. For each of these services, mBanking customers are allowed up to five transactions a day.
The mBanking transaction limit for transfer of funds to other banks within Oman is RO 2,500 a day. The limit for transfer of funds within own accounts is RO 7,500 a day.
© Oman Daily Observer 2016
