Beyond ONE Launches FRiENDi Pay for Digital Payments in Oman
Building on FRiENDi Mobile's established customer base of over 750,000 users, FRiENDi Pay offers a financial solution for Omani residents and citizens looking for simple money transfers.
The platform caters to both international remittances and local transactions, allowing users to send money overseas or manage expenses locally.
FRiENDi Pay enables users to send money instantly to key destinations such as Bangladesh, India, Pakistan, and the Philippines at competitive rates.
It also supports peer-to-peer transfers within Oman, utility bill payments, and wallet top-ups, all through an easy-to-use, multilingual interface.
Tawfiq Al Lawati, CEO of FRiENDi Pay Oman, commented:
'From international transfers to local bill payments and peer-to-peer exchanges, we've made every interaction seamless, even enabling transfers directly within a chat or with a shared photo, making each moment more personal and meaningful.'
The launch of FRiENDi Pay, integrated with Beyond ONE's digital platform for FRiENDi Mobile, is part of the company's broader mission to enhance the lives of its customers, regardless of location.
FRiENDi Pay's key features include instant wallet top-ups, international money transfers, peer-to-peer transfers, bill payments, and multi-language support.
The platform prioritises security through advanced encryption and complies with Oman's financial regulations.
The FRiENDi Pay app is available for download on the Apple App Store and Google Play Store, with services beginning on April 4, 2025.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
The National
2 hours ago
- The National
Sheikh Mohammed bin Rashid inspects Mina Al Hamriya
Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, paid a visit to Mina Al Hamriya on Tuesday to inspect the project's continuing development. During the tour, the Dubai Ruler was briefed on the port's strategic role in supporting the UAE's food security and enabling trade across the Arabian Gulf, particularly in perishables and livestock, state news agency Wam reported. 'We're transforming our ports into dynamic gateways that not only connect the world and accelerate the flow of goods but also drive innovation and opportunity,' said Sheikh Mohammed. 'Our goal isn't just to compete, but to lead global trade with a transformative vision and new standards. We want Dubai to be the first choice for traders, the trusted route for commerce, and the most dynamic hub in the world's supply chains.'
The National
4 hours ago
- The National
Sheikh Mohammed bin Rashid inspects Mina Al Hamriya Port
Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, paid a visit to Mina Al Hamriya Port on Tuesday to inspect the project's continuing development. During the tour, the Dubai Ruler was briefed on the port's strategic role in supporting the UAE's food security and enabling trade across the Arabian Gulf, particularly in perishables and livestock, state news agency Wam reported. 'We're transforming our ports into dynamic gateways that not only connect the world and accelerate the flow of goods but also drive innovation and opportunity,' said Sheikh Mohammed. 'Our goal isn't just to compete, but to lead global trade with a transformative vision and new standards. We want Dubai to be the first choice for traders, the trusted route for commerce, and the most dynamic hub in the world's supply chains.'
Khaleej Times
4 hours ago
- Khaleej Times
Dubai realty breaks records in Q2 despite cooling prices
Dubai's real estate sector delivered a record-breaking performance in the second quarter of 2025, with surging transaction volumes and resilient investor appetite, even as price growth showed signs of deceleration and affordability constraints began to surface. The market's dynamism was underpinned by strong off-plan sales, sustained demand for office and logistics space, and proactive government initiatives to boost homeownership. According to ValuStrat's Q2 research, property sales in Dubai hit new highs with nearly 37,000 off-plan transactions, averaging over Dh3.1 million per unit. Ready home sales also rose by 10.4 per cent from the previous quarter, registering 13,700 title deed transactions with an average price of Dh2.7 million. This momentum was particularly driven by robust activity in April and May. The ValuStrat Price Index (VPI) reflected continued but moderated capital appreciation. Apartment prices rose 19.1 per cent year-on-year, compared to 23.4 per cent in the same period last year. Villas saw a 28.7 per cent annual gain, also slower than the 33.4 per cent growth recorded in 2024. The VPI for apartments reached 188 points, and for villas, it climbed to 220 points — more than double the Q1 2021 baseline. Despite increasing supply, with 17,500 new homes completed in the first half and 66,596 units expected to be delivered in 2025, demand continues to outstrip supply in key segments. ValuStrat's head of real estate research, Haider Tuaima, noted that the elevated transaction activity highlights strong market confidence, though the impact of upcoming supply on pricing dynamics warrants close monitoring in the second half of the year. Rental growth, too, appears to be moderating. Apartment asking rents rose by 1.2 per cent quarterly and 7.2 per cent annually, with average annual rents at Dh95,500. Villa rents remained stable on a quarterly basis but were up 4.8 per cent year-on-year, averaging Dh428,000 annually. The overall VPI for residential rents rose by 1 per cent quarter-on-quarter and 6.2 per cent annually to reach 200.3 points. The office segment continued to show remarkable strength amid a supply-constrained environment. Capital values for office space rose 4.9 per cent quarter-on-quarter and 23.7 per cent year-on-year, compared to a 31.7 per cent annual rise in 2024. The banking, finance, and tech sectors are the major demand drivers. CBRE noted that average office rents in Dubai jumped more than 20 per cent year-on-year, with occupancy nearing full capacity in prime business districts. CBRE also reported a surge in residential transaction volumes, which climbed 23 per cent year-on-year in H1 2025. The total value of residential sales reached Dh270 billion. The launch of Dubai's First-Time Home Buyer Programme, which offers incentives such as flexible payment plans and preferential pricing, is expected to further encourage end-user demand and widen homeownership in the emirate. In terms of economic context, the UAE's GDP is forecast to grow 5.1 per cent in 2025, up from 3.8 per cent in 2024. This economic expansion is backed by recovering oil output, strong non-oil sector performance, and a resilient tourism sector. Dubai saw a 7 per cent year-on-year rise in international visitors between January and May, reinforcing the strength of the hospitality and retail segments. The industrial and logistics market is also flourishing. ValuStrat reported 16.2 per cent annual and 4.1 per cent quarterly capital gains for logistics warehouses, driven by sustained demand and high occupancy rates. CBRE added that strong rental growth and landlord-favorable market conditions are attracting heightened investor interest in Grade A industrial assets, signaling potential for more liquidity and development in the sector. In Abu Dhabi, the property market is showing parallel momentum. Apartment values rose by 18 per cent year-on-year, while villa prices gained nearly 14 per cent. The capital's office market is also seeing increased traction from international corporates, with occupancy and rents on the rise. Matthew Green, head of research for Mena at CBRE, attributed the UAE's real estate resilience to its diversified economy and progressive policy frameworks. 'The country continues to attract high-net-worth individuals, bolster foreign direct investment, and lead in innovation — all of which reinforce demand across residential, commercial, and industrial segments,' he said. Real estate market experts believe that with strategic government initiatives, strong demographic and investor fundamentals, and a proactive approach to urban development, Dubai's real estate market is poised to sustain its momentum through the remainder of 2025 — even as it gradually transitions from breakneck growth to more sustainable long-term expansion.
