Thawani Technologies LLC, Oman's first Central Bank of Oman CBO licensed payment service provider PSP, has signed a Memorandum of Understanding MoU with Monak t o establish a collaboration framework for integrated digital and financial technology solutions that can support public- and private-sector initiatives across the Sultanate.
Under the MoU, Thawani and Monak will explore opportunities to embed secure, locally compliant payment capabilities within digital platforms, helping organizations streamline service delivery, improve reconciliation and reporting, and accelerate time-to-market through scalable integration models. Thawani's licensed payments infrastructure and developer enablement capabilities will be combined with Monak's digital-platform approach to delivering financial and lifestyle services, including solutions designed to simplify onboarding and services for employers and users.
"This partnership is about turning digital journeys into fully executable services - securely, transparently, and at scale. When payments are embedded directly into the platforms people and institutions already use, outcomes improve: processes move faster, user experiences become simpler, and governance becomes stronger. We see this collaboration as a practical step toward strengthening Oman's digital infrastructure with solutions built for long-term relevance and regulatory alignment."
