Ooredoo Oman has partnered with Thawani Technologies and National Finance Company to offer customers an interest-free ‘buy-now-pay-later’ (BNPL) option.
BNPL is a FinTech solution that enables customers to break up the cost of a big purchase into manageable amounts over a fixed period.
Under the tripartite agreement, Ooredoo customers can apply for smart device financing through the Thawani Application, which will be subject to approval from National Finance. Once approved, customers only pay 20 percent of the total amount upfront to make their purchase and the remaining payments are divided across several installments.
Bassam Al Ibrahim CEO – Ooredoo
“We are pleased to have signed an agreement with Thawani Technologies, a leading provider in the FinTech sector, and National Financial Company, the Sultanate of Oman’s leading finance company. This new payment option will allow customers to enjoy short-term financing to help upgrade their worlds in the here and now. From a macro perspective, adapting FinTech solutions enables more people to participate in the national economy to help further boost Oman’s growth and prosperity.”
Eng. Majid Al Amri, Founder and CEO of Thawani Technologies, said that, “We are thrilled that Ooredoo Oman is invested in the fast-growing buy-now-pay-later market. Thawani Technologies is an Omani innovator in the FinTech space, and together with National Finance Company, we offer consumers the opportunity to purchase the products of their dreams that usually come with a hefty price tag, without needing to pay the full amount upfront or worrying about high-interest rates.”
Mr. Tariq bin Sulaiman Al Farsi, Chief Executive Officer at National Finance, stated that, “At National Finance, we believe in the importance of designing exceptional financial programs and solutions characterized by innovation, flexibility, and speed to meet the diverse needs of our valued customers. This includes effective means that enhance their experience and achieve their goals. The ‘Buy Now, Pay Later’ feature is one of the financing solutions that we offer to facilitate the purchasing process for our customers.”
