Oman’s transition toward a cashless economy has created new opportunities for local fintech innovators, and one of the most recognized names in that journey is Majid Al Amri, Thawani Pay founder. As the founder and CEO of Thawani Pay, Al Amri has helped build a homegrown payments platform that serves consumers, merchants, and institutions across the Sultanate. What began as a local startup has grown into one of Oman’s most visible fintech success stories.
Early Interest in Technology and Business
Publicly available profiles show that Majid Al Amri developed an early interest in technology and computing. A feature by the British Omani Society stated that he studied Computer Engineering at Sultan Qaboos University and graduated in 2003. The same profile noted that he built experience across multiple sectors before launching his own business ventures.
That technical background appears to have shaped his approach to entrepreneurship. Instead of entering a traditional sector, Al Amri focused on solving practical everyday problems through technology. In Oman, digital payments were still developing, and many people continued to rely heavily on cash or conventional banking channels.
Founding Thawani Pay
Thawani was launched in Oman as a mobile e-payment startup, with public reports showing the company unveiling its payment platform in 2017. At the time, Majid Al Amri was identified as Managing Director during the launch event. He described the app as a safer and simpler alternative to cash and cards.
The idea behind Thawani Pay was straightforward: create a user-friendly platform where people could pay bills, send money, and complete transactions directly through their smartphones. This was especially important in a market where mobile adoption was rising quickly.
Over time, the company evolved from a startup payment app into a broader fintech platform.
Building an Omani Fintech Brand
Under Al Amri’s leadership, Thawani Pay expanded its offerings to include:
- Utility bill payments
- Mobile recharges
- School and education fee payments
- Merchant QR payments
- Payment gateway solutions
- Money transfers
- Prepaid and card-linked services
Reports from Times of Oman noted that the platform positioned itself as a convenient option for consumers while also helping small and medium businesses accept digital payments more efficiently.
This balance between consumer convenience and merchant tools helped the company gain traction in the local market.
Regulatory Milestones and Trust
Trust is critical in fintech, and Thawani Pay has emphasized regulatory approval and security standards as part of its growth strategy. The company describes itself as Oman’s first non-bank payment service provider licensed by the Central Bank of Oman. That distinction has helped strengthen its credibility in a market where financial regulation matters deeply.
For Al Amri, this was not just about launching an app it was about building a licensed financial technology institution that users could trust.
Breakthrough Visa License
One of the company’s biggest milestones came in 2025, when Thawani Pay announced that it had secured a Visa license to issue credit cards. The company said this made it the first fintech in Oman to receive such approval. The move allowed Thawani to expand beyond payments into formal card issuance.
In the company announcement, Majid Al Amri said the step reflected a broader mission to make financial services “simpler, smarter, and more accessible.” The partnership also positioned Thawani Pay closer to mainstream banking capabilities while retaining its digital-first identity.
Strategic Expansion in 2026
Thawani Pay continued building momentum in 2026 through a strategic partnership with Network International. According to the announcement, the agreement focused on expanding credit card processing and digital payments innovation in Oman. The deal was signed by Majid Al Amri in his role as Founder and CEO.
This suggests the company is moving from startup scale into infrastructure scale, an important step for long-term fintech growth.
Leadership Style of Majid Al Amri
Al Amri’s public comments and company direction suggest a leadership model centered on three themes:
- Local innovation
- Financial inclusion
- Digital convenience
Rather than copying foreign payment models, Thawani Pay has focused on Oman-specific needs, including utility payments, local merchant acceptance, and Arabic-friendly digital experiences.
That local relevance is one reason the brand has remained significant in Oman’s fintech ecosystem.
Supporting Oman Vision 2040
Oman Vision 2040 prioritizes digital transformation, private-sector growth, and economic diversification. Fintech companies such as Thawani Pay fit naturally into those goals by reducing cash dependency and modernizing commerce.
Through Thawani Pay, Majid Al Amri has helped create infrastructure that supports entrepreneurs, retailers, and consumers alike.
The story of Majid Al Amri, Thawani Pay founder is one of technical vision meeting local opportunity. With an engineering background and entrepreneurial mindset, he built a company that entered Oman’s market early and adapted as demand evolved.
From mobile bill payments to a Visa card issuance license and strategic regional partnerships, Thawani Pay has become a notable name in Oman’s digital economy. If the company continues on its current path, Majid Al Amri is likely to remain one of the key figures shaping the next phase of fintech growth in the Sultanate.
