The pioneering process will reduce working hours spent on payment creation and reconciliation
Oman Air has partnered with HSBC Oman on an innovative international payment solution.
HSBC’s Global Disbursement solution was developed as a bespoke service for Oman Air to deliver simultaneous multiple currency payments and an improved track and trace function for every transaction.
The new service enables Oman Air to process foreign currency payments through a single bank account, using HSBC’s global network and transparent FX rates. This reduces dependency on other third party banks, increasing efficiency and reducing the costs associated with international payments.
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Commenting on the announcement, Oman Air chief executive officer Abdulaziz Al Raisi said: “Oman Air continues to invest in innovative financial solutions as a crucial component of our success as a truly global airline.
“HSBC’s Global Disbursement solution provides us with simplicity, expediency and security. We are confident that this partnership will enable us to achieve a more streamlined international payments procedure and ultimately, enhance our guest experience.”
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HSBC Oman CEO Melika Betley added: “At HSBC Oman, we are committed to innovating in our technology to make banking easier, more accessible and more secure for our clients. Our Global Disbursement solution is designed to simplify the cross border payment process by reducing costs, minimising risk and improving transparency."
The Global Disbursement solution will result in a significant reduction in the overall working hours spent on payment creation and reconciliation, as it enables Oman Air to process multiple currency payments at the same time. The new process also provides detailed status reports and the ability to track and trace every payment transaction.
For more information, visit www.omanair.com