Omani bank Sohar International has signed a strategic agreement with Ooredoo (Omani Qatari Telecommunications Company), to provide affordable and convenient payment options for its credit card holders through its easy payment plan. 

 

Following this new agreement, the bank’s credit card customers will now be able to avail Easy Payment Plans (EPP) on a minimum spend of RO100 ($259) at Ooredoo, and convert their purchases into smaller installment payments for a fixed period of time, which ranges from 3, 6, 12, or 24 months, at a benchmark interest rate of 0%.

 

The agreement was signed by Sohar International's Chief Retail Banking Officer Khalil Salim Al Hedaifi and Ooredoo's Chief Financial Officer was Abdul Razzaq Al Balushi at the bank’s head office in the presence of senior officials.

 

Al Hedaifi said: "Sohar International is on a path to develop a collaborative ecosystem of world-class products, services and financial advisory that are aimed at providing an enriched customer experience. The tie-up with Ooredoo is yet another milestone in this journey, as the bank has structured its functionality and operational network on the ‘winning together’ philosophy that has rightfully become our corporate credo."

 

"The plan is structured to enable customers to convert their transactions with convenient 0% installments. For purchases over RO100, customers can now opt for payment periods of 3, 6, 12 or 24 months," he expained. 

 

"We want our customers to experience financial freedom that comes with such flexible options. It underscores the mood in the market, which is slowly turning upbeat with expectations of economical buoyancy in the coming months," he added.

 

Al Balushi said his agreement comes at just the right time, and these easy and convenient payment plans will make a real difference to many of its customers. 

 

"As the country opens up and the economy bounces back, we’re excited to be partnering with Sohar International, to lead the way in making our services more affordable than ever before, so even more people can enjoy the internet with us," he added.-TradeArabia News Service