Finablr brand offers easier online money transfer

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Daniel Webber
Daniel Webber
Founder & CEO
Daniel is Founder and CEO and has 20 years of experience in the international finance world focusing on cross-border payments, technology and the property sectors. Daniel is widely quoted as an expert… Read more
  • New app will permit Unimoni Oman customers, including expats based in the Middle Eastern country, to make mobile payments
  • “The Unimoni Oman mobile app helps our customers make money transfers conveniently and get the credit of the transferred money to their beneficiary accounts swiftly”, said the firm’s CEO
  • Move comes amid continuing global coronavirus pandemic as well as problems for Unimoni’s parent firm

A brand owned by the beleaguered cross border payments firm Finablr has announced a plan to help customers make easier transactions.

Unimoni Oman said that it would make changes in order to assist customers in the country, aiming to use money transfer services.

Now, customers who are either Omani nationals or expats living in the country but from elsewhere will be able to use a mobile app.

This app, which is available both for Android users and for users of Apple’s iOS, is based around real-time exchange rates so that customers can make decisions about international money transfers based on up to date information.

The app also works 24 hours per day and seven days per week.

It is possible for anyone with a debit card issued by an Oman-based bank to use the app for money transfer purposes.

In a statement to the press, Boban MP – who serves as the firm’s chief executive officer – explained that the move came about as a result of the ongoing coronavirus pandemic.

“The Unimoni Oman mobile app helps our customers make money transfers conveniently and get the credit of the transferred money to their beneficiary accounts swiftly”, he said.

“Due to the mobility restrictions in place during the lock-down, we have provided a simple procedure for new users to register online. All existing and pre-registered users may continue to use the facility as before”, he added.

He also emphasised that it would be possible for customers who could not or did not want to download the mobile app to make the most of the firm’s services via a computer.

"Customers can also use our web portal https://om.unimoni.com/ from their desktops or laptops to transfer money online”, he said.

The move comes in the context of problems for Finablr, which is the firm’s parent company.

It is known primarily for its brands such as Travelex, which are well known among those who regularly travel around international airports.

Recently, however, the firm has been plunged into all sorts of difficulties.

It formerly traded its shares in London, for example, but that has now been ended after it was delisted amid rumours that it could be about to go insolvent.

The firm EY also revealed that it had quit its position as Finablr’s auditor.

The move came after EY asked for some changes to the way the firm worked – but Finablr said it could not co-operate in time.

The coronavirus continues to cause changes in the way companies in this sector do business.

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