3 December 2025, Muscat –
The National Bank of Oman (NBO) and Muscat Clearing and Depository (MCD) have signed a strategic agreement to integrate NBO’s Business to Business (B2B) digital platform with MCD’s systems. The collaboration marks a significant milestone in enhancing operational efficiency, streamlining transactions and strengthening corporate relationships through digital innovation.
The agreement involves introducing an automated platform that enables real-time communication between MCD’s infrastructure and NBO’s transaction banking services. The integration will significantly reduce processing time, improve accuracy, and provide business clients with seamless and secure services tailored to their needs.
Commenting on the agreement, Abdullah bin Zahran Al Hinai, Chief Executive Officer of NBO, said:
“At NBO, we view digital innovation not just as a service upgrade but as a strategic commitment to driving value across the financial ecosystem. Our partnership with MCD reflects this vision and reinforces our role as a trusted banking partner for businesses seeking secure, efficient and forward-looking solutions.
From his end, Mohammed bin Said Al Abri, Chief Executive Officer of MCD, commented:
“This partnership is a natural extension of our mission to advance Oman’s financial infrastructure. By working with NBO to implement seamless, compliant digital solutions, we are strengthening the backbone of B2B transactions and deepening our support for the business community.”
The solution is fully compliant with the Central Bank of Oman (CBO) and Ministry of Labour (MOL) standards and supports critical use cases such as processing payrolls through the Wages Protection System (WPS) and facilitating payments to Muscat Clearing and Depository (MCD). Built using advanced integration technologies, the platform enables secure and reliable connectivity that ensures real-time data transfer and optimised operational workflows.
By partnering on this initiative, both NBO and MCD reaffirm their roles as frontrunners in Oman’s digital transformation, encouraging more corporates to adopt digital-first strategies that prioritise transparency, security and customer-centricity.
