Muscat: Thawani Technologies LLC, Oman’s first Central Bank of Oman–licensed payment service provider, has signed a Memorandum of Understanding with Monak to establish a collaboration framework for integrated digital and financial technology solutions supporting public and private sector initiatives across the Sultanate.
Under the agreement, the two companies will explore opportunities to embed secure, locally compliant payment capabilities within digital platforms. The objective is to help organizations streamline service delivery, improve reconciliation and reporting, and accelerate time-to-market through scalable integration models.
Thawani’s licensed payments infrastructure and developer enablement capabilities will be combined with Monak’s digital-platform approach to financial and lifestyle services, including solutions designed to simplify onboarding and service delivery for employers and users.
Eng. Majid Al Amri, Founder and Chief Executive Officer of Thawani, said the partnership is focused on turning digital journeys into fully executable services.
“When payments are embedded directly into the platforms people and institutions already use, outcomes improve: processes move faster, user experiences become simpler, and governance becomes stronger,” he said, adding that the collaboration strengthens Oman’s digital infrastructure with solutions aligned to long-term regulatory and market needs.
Said Salim Al Shanfari, Co-Founder and Managing Director at Monak, said meaningful digital transformation depends on partnerships grounded in trust, execution, and long-term value.
“Our collaboration with Thawani reflects a shared belief that technology should remove friction from essential services. Together, we look forward to supporting Oman’s digital ambitions through solutions that are resilient, scalable, and aligned to local market needs,” he said.
The MoU reflects growing momentum in Oman’s digital agenda, as institutions increasingly seek cohesive frameworks that connect digital service delivery with trusted financial rails. Partnerships between regulated fintech providers and platform innovators are becoming central to how services are designed, integrated, and delivered across the national ecosystem.
