Thawani Pay signs credit card processing deal with Network

Core Insights - Thawani Technologies (Thawani Pay) has formed a strategic partnership with Network International to enhance digital payment solutions and expand credit card capabilities in Oman [1][4] - The partnership is expected to leverage Thawani Pay's local market knowledge and Network International's global processing standards to create a seamless card experience [3][5] Company Developments - Thawani Pay has recently secured a Visa license to issue credit cards, marking significant progress in the card sector [1][2] - The agreement was signed by Thawani Pay's CEO Majid Al Amri and Network International's managing director Navneet Dave, highlighting the commitment to improve card processing capabilities [2][5] Industry Trends - Oman's digital payments landscape is evolving, with a notable increase in cashless transactions; card and point-of-sale transaction volumes reached 432.9 million in 2024 [5] - The collaboration aims to support financial inclusion initiatives and contribute to Oman's long-term digital transformation agenda [4][5]