OIB and OmanOil Marketing Company Sign Cards Acceptance Agreement

Oman International Bank (OIB) and Oman Oil Marketing Company SAOG (OOMCO) have signed an agreement for acceptance of Debit / Credit cards at omanoil filling stations. The signing ceremony was held on 8th May 2004. John Carlough, CEO of OIB and Mike Wilson, Managing Director of OOCMO signed the agreement on behalf of the respective organisations. Under this arrangement all Visa, MasterCard and Visa Electron cards will be accepted for payment at omanoil petrol stations.

OIB is the leading cards acquirer in the country with a network of over 1,400 POS terminals. OOMCO (formerly BP Oman) is one of the leading fuel services provider in Oman. OOMCO has many of its omanoil filling stations in strategic locations and has launched many convenience shops. To begin with the cards are being accepted at 3 omanoil petrol stations in Ghalla, Ghobra beach side and Wadi Bahais and the facility will be enabled at many more omanoil petrol stations in the near future.

John Carlough, CEO of OIB said, “OIB continues to be a leading commercial bank in Oman. We are market leaders in the banking industry here in Oman, extending quality customer service delivery throughout our branch network. We are proud to join hands for this project with OOMCO, one of the leading and innovative fuel providers in the country. We are constantly seeking opportunities to improve upon our products and services for the benefit and convenience of our customers. This new service delivery with OOMCO will add to the convenience of the residents of Oman as well as those visiting the country as they will now be able to purchase fuel with their debit / credit cards at omanoil outlets.”

Mike Wilson, Managing Director of OOMCO added, “This agreement heralds a new era of customer convenience in this country. This has been a year of re-branding and re-imaging for us. We have pioneered the cross border alliance for acceptance of fuel cards in Oman & UAE. We are now delighted to join hands with OIB who are pioneers in the payment cards industry in Oman.”

Khalfan Rashid Al Tal’ey, the Bank’s DGM & Head of Retail Banking further added, “This arrangement provides flexibility and convenience to all credit / debit cardholders, together with excellent levels of customer service provided by both employees at OIB and omanoil filling stations. Once again OIB is building on its commitment to offering value added and customer focused services.”