MUSCAT: BankDhofar, the second-largest bank in Oman by branch network size, has been named the winner of the Middle East Technology Excellence Awards 2025 in the category of Banking Technology – Financial Technology (Fintech).
Organized by MiddleEastBusiness.com, the Middle East Technology Excellence Awards celebrate organizations across the region that have demonstrated leadership in digital transformation, innovation, and the deployment of advanced technology solutions. This year’s program introduced a country-level spotlight across categories such as Fintech, Artificial Intelligence, Cloud, and Cybersecurity – ensuring national champions of innovation are duly recognized.
Winning in the Fintech category carries particular weight, given the sector’s rapid growth and pivotal role in shaping the region’s digital economy. Fintech innovation drives financial inclusion, payment modernization, regulatory efficiency, and greater customer trust. Recognition at this level affirms that BankDhofar’s initiatives are not only novel, but impactful, scalable, and compliant with best regulatory practices.
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BankDhofar’s success in fintech is rooted in its long-term commitment to customer-centric innovation and technology-driven banking. The Bank has modernized its core and digital infrastructure in partnership with Infosys Finacle, enabling next-generation capabilities across branches and digital channels.
It has introduced Dhofar Pay, a mobile payments solution that allows NFC- enabled Android smartphones to function as digital cards, and was among the first banks in Oman to integrate Samsung Pay.
For Oman’s business community, especially SMEs, BankDhofar has introduced digital solutions that streamline payments, accounting, and invoicing, as well as SoftPOS capabilities that minimize reliance on physical hardware.
The Fintech accolade builds on a string of recent honors for BankDhofar, including Best Digital Bank of the Year at the TAS Business Awards 2023 and Euromoney’s Best Bank for Digital Solutions.
With this recognition, BankDhofar reaffirms its role as a people-first financial institution, one that is inspired by innovation and dedicated to shaping the future of banking in Oman and beyond.
