Wednesday 19 / March / 2025
Muscat: Thawani Technologies has achieved a significant milestone for Oman's burgeoning fintech sector, securing a place on "Forbes Middle East's Top 50 Fintech Companies" for the second consecutive year. The company has demonstrated notable progress, advancing four places to claim the 36th spot in 2025, up from 40th in 2024. This recognition highlights the company's growing influence and success within the region's competitive fintech landscape.
The prestigious Forbes Middle East list evaluates leading fintech companies across the region, employing a comprehensive set of criteria. These include funding value, the volume of digital transactions, app downloads, user engagement, the service's impact on consumers and businesses, geographic expansion, and overall growth rates. Thawani Technologies' improved ranking reflects its strong performance across these key indicators.
Expressing his pride in this achievement, Eng. Majid Al Amri, CEO of Thawani Technologies, stated that the company's continued presence on the Forbes list underscores its commitment to delivering innovative financial solutions that meet the demands of the market and drive digital transformation within Oman. He emphasised that this accomplishment is not only a testament to Thawani's success but also a reflection of the strength and competitiveness of the entire Omani fintech sector on a regional stage. Al Amri further reiterated the company's dedication to developing advanced digital financial solutions that cater to customer needs and promote financial inclusion in Oman. This international recognition serves as a powerful motivator for Thawani to continue innovating and expanding its services, aligning with the goals of Oman Vision 2040, which aims to cultivate a diverse and advanced digital economy.
This recognition reinforces Oman's position as a leader in the fintech space, as the country actively promotes innovation and strengthens its digital infrastructure to support the national economy. Numerous initiatives have been launched in this sector, including the establishment of a regulatory sandbox for innovative financial products and services, and the development of an open banking strategy and framework. These efforts are designed to drive innovation, enhance competition within financial services, and stimulate economic growth, while simultaneously promoting financial inclusion and operational efficiency. This achievement is expected to attract further investment into Oman's fintech sector, solidifying the Sultanate's standing as a regional hub for financial technology. Thawani Technologies remains focused on innovation and leveraging cutting-edge technologies to meet customer needs, enhance financial inclusion, and contribute to the growth of the digital economy in Oman. This accolade provides further encouragement for the company to expand its offerings in the future.
