Global Money Exchange Co LLC (GMEC) has launched Global Pay, a new mobile payments application designed to expand digital financial services in Oman as the Sultanate accelerates its transition toward a cashless and interoperable payments ecosystem.
Powered by Comviva’s Mobiquity Pay platform, the app marks a strategic partnership between GMEC and Comviva, the digital financial solutions provider and a subsidiary of Tech Mahindra. The launch aligns with Oman’s national digital transformation agenda, which prioritises electronic payments, financial inclusion, and modernised financial infrastructure.
Global Pay offers a comprehensive suite of services, including digital onboarding, wallet top-ups, domestic peer-to-peer transfers, cross-border inward and outward remittances, bill and education fee payments, cash deposits and withdrawals, and foreign exchange ordering. Positioned as a single digital interface for everyday financial needs, the app targets both Omani nationals and expatriates.
Security and scalability are central to the platform. Rajesh Chandiramani, CEO of Comviva, said transactions worth nearly $1 billion are processed daily on the underlying platform, underscoring the importance of robust infrastructure capable of handling high transaction volumes while meeting global security standards.
From a sector perspective, the launch extends digital payments beyond traditional banking channels. Subromoniyan K S, Managing Director of Global Money Exchange, said users can pay utility bills and education fees without holding a bank account, supporting broader financial inclusion. He added that merchants can accept QR-based payments from customers of any bank or service provider in Oman, enabling full interoperability across the payments ecosystem.
Customer accessibility remains a core focus. Sonam Dorje, General Manager at Global Money Exchange, said users can access support through GMEC’s branch network across Oman or via a dedicated helpline.
The initiative also reflects regulatory progress in Oman’s fintech landscape. Madhusoodanan R, Executive Advisor to the Board at Global Money Exchange, said the company is the first money exchange in the country to receive a Payment Service Provider licence, positioning Global Pay as part of Oman’s broader push toward a cashless economy.
As Gulf markets continue to invest in digital payments infrastructure, Global Pay highlights the growing role of licensed non-bank financial institutions in advancing interoperability, inclusion, and secure digital transactions across the region.
