Thawani Technologies
Thawani Technologies operates Oman's first CBO-licensed digital payments platform, offering a mobile wallet, payment gateway, and merchant ecosystem serving consumers, enterprises, and government entities with 1000+ acceptance points nationwide.
- Company typePrivate
- Founded2016
- HeadquartersMuscat, Oman
- Headcount11–50
- GTM typeB2B and B2C
- OfferingSoftware
What Thawani Technologies does
Thawani Technologies L.L.C is an Oman-based fintech company founded in 2016 that operates a digital payments ecosystem anchored by the Thawani Pay mobile wallet and the Thawani Payment Gateway. The company serves two primary customer segments: individual consumers in Oman (for bill payments, peer-to-peer transfers, gift cards, insurance, international transfers, and prepaid cards via Mojab) and merchants and enterprises (for QR-based acceptance via Tajer and Athar, e-commerce checkout, payment links, and merchant management through a dedicated portal). All technology is developed in-house and PCI-DSS certified, with a Visa license enabling credit card issuance.
The company's product architecture spans a consumer-facing super-app, a B2B payment gateway with documented APIs, and an expanding portfolio of specialized products including Mojab prepaid cards, Athar loyalty, Sama and microfinancing platforms, and the recently launched Mojab Business corporate card. Distribution is achieved through direct consumer app downloads, self-serve merchant onboarding, and strategic institutional partnerships with Bank Dhofar, Visa, Oman Oil, Royal Oman Police, Sultan Qaboos University, Al Mouj Muscat, Ominvest, and the Ministry of Labour.
Thawani monetizes primarily through transaction fees on payment processing for merchants and individuals, with consumer app usage offered free of charge and select transaction fees disclosed via the platform. The company was the first recipient of the Central Bank of Oman's Payment Service Provider license for non-banking fintech entities (May 2020) and the first Omani company to obtain PCI-DSS certification (June 2018). It has been recognized by Forbes among the Top 50 Fintech Companies in the Middle East for two consecutive years (2024 and 2025). The company is privately held, founder-led by Majid Al Amri, and currently operates with 11-50 employees from its headquarters in Muscat.
Thawani Technologies firmographics
Firmographics- Name
- Thawani Technologies
- Legal name
- Thawani Technologies L.L.C
- Website
- https://thawani.om
- Company type
- Private
- Founded year
- 2016
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Thawani Technologies operates Oman's first CBO-licensed digital payments platform, offering a mobile wallet, payment gateway, and merchant ecosystem serving consumers, enterprises, and government entities with 1000+ acceptance points nationwide.
- Ownership category
- akta.pro rank
Thawani Technologies industry classification
Industry- Product category
- Digital Payments
- NAICS
- Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (518)
- SIC
- Finance Services (6199)
- akta.pro primary industry
- Merchant-of-Record (MoR) & Payment Facilitation (PayFac) Infrastructure (FSAGABAE)
- akta.pro secondary industry
- Digital Wallet Platforms (Consumer & Merchant) (BPAMAFAC)
Keywords
Where Thawani Technologies is headquartered
LocationHeadquarters
- HQ city
- Muscat
- HQ country
- Oman
- HQ region
- Middle East
Offices1 record
Markets served
Thawani Technologies business model
Business model- GTM type
- B2B and B2C
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Operations, Infrastructure, Marketing or Sales, Others
Revenue model
- Payment Processing Services: Thawani provides payment processing services for merchants and individuals through its mobile wallet and payment gateway infrastructure. The company charges applicable fees and service charges for carrying out transactions, which are notified through the Mobile Wallet Solution and displayed on the website.
- Merchant Solutions: Provides merchant-facing products including payment gateway, merchant portal, Tajer app, and payment links for businesses to accept digital payments
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Freemium | Pay-as-you-go | Consumer app usage is free with potential transaction fees for certain services |
Go-to-market motion2 records
Distribution channels4 records
Marketing channels4 records
Thawani Technologies product offering
Product offeringCore offering
Thawani Technologies operates a comprehensive digital payment ecosystem in Oman, providing a consumer-facing mobile wallet (Thawani Pay app) and a suite of merchant-facing products including payment gateways, merchant portals, cashier apps, QR-based loyalty platforms, and prepaid corporate cards. The company enables bill payments, money transfers, gift cards, insurance, and merchant acceptance of digital payments, with all technology developed in-house and certified under PCI-DSS.
Product overview
Thawani Technologies operates as a unified payment ecosystem with Thawani Pay as the core mobile wallet platform, complemented by merchant-facing products (Payment Gateway, Tajer App, Merchant Portal, Athar loyalty) and specialized payment tools (Mojab cards, Transfers, Insurance). The product architecture includes B2C wallet services, B2B corporate cards (Mojab Business), payment processing infrastructure, and utility services (bill payments, international transfers). All technology is developed in-house with PCI-DSS certification and CBO licensing as a Payment Service Provider since 2020.
Differentiator
Problem solved
Functional benefit
Brands
- Mojab: Prepaid wallet card service allowing users to link bank cards, top up wallets, and make payments
- Tajer
- Athar
- Sama
- Thawani Checkout
- Reayya
- Ominvest Plus
Products and services
- Thawani Pay App Mobile wallet application for consumers in Oman enabling bill payments, bank card linking (up to 5 cards), QR code payments, money transfers, gift card purchases, insurance purchases, and international transfers.
- Thawani Payment Gateway API-based payment gateway enabling merchants and developers to integrate secure online payment acceptance into websites and applications. Provides test environment, documentation, APIs, and technical support.
- Merchant Portal Centralized dashboard for merchants to monitor live sales, view sales reports, add branches, and access business management tools.
- Tajer App Mobile app for cashiers and store managers to request payments from customers, receive payments directly, and monitor day-to-day transactions.
- Thawani Checkout E-commerce payment checkout solution enabling online retailers to accept digital payments from customers, including support for payment links accessible by both Thawani users and non-users.
- Athar Platform Loyalty and rewards platform for merchants enabling QR code-based payments, customer engagement, and retention programs.
- Sama Platform Business platform providing merchant services and financial management tools for businesses.
- Mojab Personal Prepaid card wallet solution linked to the Thawani Pay app, allowing users to top up the wallet, link bank cards, and make secure digital payments.
- Mojab Go Group payment card solution available at Oman Oil Ahleen stations, supporting linking of up to 3 cards with group payment sharing capabilities.
- Mojab Business Smart corporate financial card for business expense management, described as Oman's first integrated smart corporate financial card for businesses.
- Microfinancing Microfinancing services providing access to small-scale financing for merchants and businesses in Oman.
- Credit Card Visa-branded credit card issued by Thawani Pay following its Visa licensing, providing consumers with a national financing credit card offering.
- Reayya Corporate E-Wallet Customized corporate e-wallet built on Mojab Pro for large organizations (initially Royal Oman Police), enabling personnel to pay digitally for services and benefits at partner merchants.
- Eidiya Card Islamic-compliant digital allowance card solution structured according to Sharia principles for users seeking Sharia-compliant digital financial products.
- Athar (Consumer Loyalty) Consumer-facing loyalty and rewards service accessible to Thawani app users for engaging with merchant offers, cashback, and promotions.
Quantifiable outcome
- Over 1000 acceptance touch points across Oman
- +1 more outcomes
Companies that use Thawani Technologies
Customer profileNamed customers5 records
Segments2 records
Ideal customer profiles4 records
Thawani Technologies technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration4 records
Feature5 records
Thawani Technologies partnerships and signals
Strategic signalPartnerships
Ten partnerships are on record, tiered core and minor.
- MoneyHashcoreEgyptian payment orchestration platform MoneyHash expanded into the Omani market through a strategic partnership with Thawani Pay. The collaboration enables merchants to access Oman's payment ecosystem while maintaining unified transaction management across markets without rebuilding payment logic for each market.
- Ministry of LabourcoreCooperation agreement to study mechanisms for activating additional incentives for civil service employees under the 'Ejada' System.
- OminvestcoreThawani Pay and Ominvest unveiled 'Ominvest Plus' platform for enhanced employee lifestyle benefits, a digital empowerment initiative.
- VisacoreVisa partnership to bring contactless pay to the forefront in Oman. Thawani obtained a Visa license to issue credit cards and enable contactless payment capabilities.
- Liva InsuranceminorLiva Insurance partnered with Thawani Pay to provide third-party insurance to Thawani app users through the platform.
- Oman HockeyminorGroundbreaking ticketing platform for FIH Hockey 5s World Cup and Olympic Qualifiers.
- Al Mouj MuscatcorePartnership enabling Al Mouj Muscat residents to pay for services including service charges and cooling charges through the Thawani app, benefiting over 7,000 residents.
- Bank DhofarcoreStrategic partnership to boost digital payments sector in Oman. Bank Dhofar provides Thawani with a support platform for protection, execution, and provision of digital payment services in the Omani market.
- Royal Oman PolicecoreFirst market-customized corporate e-wallet called 'Reayya' built on Thawani's Mojab Pro platform, enabling ROP personnel to pay for services digitally including groceries, laundry, restaurants and cafes.
- Sultan Qaboos UniversitycoreCooperation agreement to provide smart electronic payment services at SQU, benefiting graduate studies, student services center, consumer centers, restaurants and cafes.
Scale indicators4 records
Recent moves6 records
Expansion highlights5 records
Thawani Technologies competitors and assessment
Company assessmentDirect peers
- Fawry: Egypt-based digital payments and bill-presentation platform offering mobile wallets, bill payments, prepaid cards, and merchant acceptance across Egypt. Highly comparable to Thawani in horizontal consumer/merchant payments and bill-payment ecosystem in a single national market.
- Tap Payments: Kuwait-founded payment gateway and digital acceptance platform operating across the MENA region with online checkout, payment links, and merchant APIs. Comparable to Thawani as a regional payment gateway competing for the same GCC merchant relationships.
- HyperPay: Saudi Arabia and MENA-focused online payment gateway provider serving merchants with checkout, recurring billing, and payment APIs. Comparable to Thawani's gateway/checkout/API offering for SMB and enterprise merchants.
- PayTabs: MENA-headquartered (originally Saudi Arabia) payment gateway and mobile wallet operator serving merchants across the GCC and broader region. Closely comparable to Thawani in product mix (gateway, checkout, mobile wallet) and MENA focus.
- Telr: UAE-based payment gateway and merchant services provider offering online checkout, payment links, and mobile acceptance across the MENA region. Directly comparable to Thawani's merchant gateway, checkout, and merchant portal offerings, with similar SMB and enterprise targets.
- Moyasar: Saudi Arabia-based (STC-backed) online payment gateway and merchant acceptance platform offering APIs, hosted checkout, and payment links. Comparable to Thawani's payment gateway business targeting Arabic-speaking merchants.
Broad incumbents
- Stripe: Global online payment gateway and developer-first API platform. Comparable to Thawani's payment gateway and developer integration focus, representing the global benchmark for hosted checkout and merchant API experiences.
- Checkout.com: Global payment gateway and merchant acquirer expanding aggressively across MENA, offering APIs and online acceptance comparable to Thawani Checkout. Operates at much larger scale but represents the same category Thawani competes in for enterprise merchants.
- Network International: Large MEA payment processor and merchant acquirer offering card processing, payment gateway and value-added services. Comparable to Thawani as an end-to-end payment infrastructure provider serving the Middle East, though Network is much larger and operates across multiple countries.
Regional players
- Omannet: Omani electronic payment network operator connecting ATMs, POS, and bill payment infrastructure in Oman. Comparable as a domestic Omani payments infrastructure peer, although Omannet is more focused on bank-channel switching than consumer wallets.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Thawani Technologies social profiles
Digital presenceThawani Technologies compliance and trust
Trust signalCompliance2 records
Thawani Technologies financial estimates
Financial estimateRevenue estimate
Valuation estimate
Thawani Technologies leadership team
Management profileNumber of profiles
Profiles2 records
Thawani Technologies funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Thawani Technologies M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Thawani Technologies
What does Thawani Technologies do?
Thawani Technologies operates a comprehensive digital payment ecosystem in Oman, providing a consumer-facing mobile wallet (Thawani Pay app) and a suite of merchant-facing products including payment gateways, merchant portals, cashier apps, QR-based loyalty platforms, and prepaid corporate cards. The company enables bill payments, money transfers, gift cards, insurance, and merchant acceptance of digital payments, with all technology developed in-house and certified under PCI-DSS.
Is Thawani Technologies a public or private company?
Thawani Technologies is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Thawani Technologies founded?
Thawani Technologies was founded in 2016. It employs 11 to 50 people.
Where is Thawani Technologies based?
Thawani Technologies is headquartered in Muscat, Oman, in the Middle East region.
How does Thawani Technologies make money?
Two revenue lines are on record. Payment Processing Services are the primary driver. The others are merchant Solutions.
Who are Thawani Technologies's main competitors?
Direct peers on record are Fawry, Tap Payments, HyperPay, PayTabs, Telr and Moyasar. Broad incumbents are Stripe, Checkout.com and Network International. Omannet is listed as a regional player.
Does Thawani Technologies have an API?
Yes. Thawani Payment Gateway API enables developers to integrate payment processing into websites and applications. It provides a test environment, documentation, APIs, and technical support. The API supports all programming languages. Integration is done through API keys (test keys provided) with a test card having a random bank card number, random CVV, and OTP for verification. The documentation is available at https://thawani-technologies.stoplight.io/ and https://docs.thawani.om/ Developer documentation is at thawani-technologies.stoplight.io/docs/thawani-ecommerce-api.
What industry is Thawani Technologies in?
Thawani Technologies's product category is Digital Payments. Its primary akta.pro industry code is FSAGABAE, Merchant-of-Record (MoR) & Payment Facilitation (PayFac) Infrastructure, with a secondary code of BPAMAFAC, Digital Wallet Platforms (Consumer & Merchant). Its NAICS code is 518 and its SIC code is 6199.