Tuesday 27, December 2016 by Robin AmlĂ´t

Bank Nizwa promotes exchange to EMV cards

Bank Nizwa is inviting its customers across the Sultanate of Oman  to exchange their magnetic stripe cards for the Bank’s EMV chip-based debit cards. Launched earlier this year as part of the Central Bank of Oman’s nationwide EMV migration campaign, customers are required to switch their cards at their nearest Bank Nizwa branch by 1 January 2017.

Khalid Al Kayed, Acting CEO of Bank Nizwa, said, “We have seen a noticeable transformation in Oman’s financial sector aimed at embracing the EMV smart technology. This transformation is a result of continuous efforts lead by the Central Bank of Oman to encourage adaptation of such an international payment system and contribute to the constantly evolving financial landscape in the Sultanate. With the EMV built-in smart chip technology gaining momentum in Oman, a new window of opportunity has been created to help users to lead financially secure lifestyles.

“From the onset, Bank Nizwa has been prioritizing innovation in every facet of its operations to provide customers with unique and secure banking experiences. As Oman’s first fully-fledged Islamic bank, we were vigilant early on, and will continue supporting the Central Bank of Oman’s efforts to increase usage and highlight the benefits of this technology.”

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