Oman based Bank Muscat has announced the launch of its soft token mobile application that enabled its customers to authenticate their Internet Banking transactions anytime and from anywhere.
The mobile application, which can be easily downloaded from Google Play store and installed on Android phones and Apple App Store on iPhone, eliminates the need for hardware token to enable the completion of transactions on the Internet banking platform.
Using the Bank Muscat Soft Token App, customers can approve financial transactions by tapping on push notifications received on their registered mobile device and authenticate non-financial transactions through One-Time Passwords (OTPs).
There is also provision for fall back authentication through attention-grabbing coloured QR codes in case a push notification is not received.
Abdullah Hamood Al Jufaili, Assistant General Manager, Digital Banking, at Bank Muscat, said: “In line with our customer-centric vision, Bank Muscat is on a constant mission to add more features to its innovative and advanced digital payment channels and continues to launch new features to further enhance banking convenience for its customers. The consistent rise in active customers on our e-channels is a reflection of the growing popularity of digital banking channels. In conformity with international standards, the soft token app provides security and convenience for Internet banking transactions and reflects the bank’s commitment to implement cutting-edge financial infrastructure in the country that will benefit all.”
