THE MIDDLE EAST’S

40. Thawani Pay

Description: Payment service provider
Headquarters: Oman
Date of Establishment: 2016
Founder: Majid Al Amri

Thawani provides e-payment services to merchants and individuals, including invoicing services, payment links, digital wallets, payment gateway, soft POS, prepaid cards, bill payments, money transfers, and insurance services. It operates in Oman, with 90,000 active users and more than 3,500 registered merchants as of December 2023. Thawani processed 4.6 million transactions worth a total of $173 million in 2023. The company also introduced new products, including digital onboarding, Face Pay, and Ticket+, an online ticketing platform. It plans to expand its offerings in 2024 by launching Sama, an offer and discount platform, a B2B platform with corporate prepaid cards, and BNPL services.