MUSCAT: The Central Bank of Oman (CBO) on Thursday announced the issuance of two new Government Development Bonds (GDBs) for public subscription through a competitive auction, comprising Issue No. 80 and Issue No. 81. According to the CBO, Issue No. 80 is valued at RO 100 million with a five-year maturity and a coupon rate […]
The Central Bank of Oman (CBO) has issued a regulation governing the practice of the ‘Buy Now, Pay Later’ (BNPL) service to establish the necessary controls and procedures and ensure it is conducted in a disciplined and transparent manner. “The ‘Buy Now, Pay Later’ service is considered one of the modern financing models that enables […]
The Sultanate of Oman has recorded a growth in the use of Digital Payment Methods by 2025, reflecting a Qualitative Shift in consumer behavior, and a significant growth in commercial activity and an increase in purchasing power, driven by the development of e-commerce and traditional infrastructure. Data issued by the Central Bank of Oman showed […]
MUSCAT — Oman’s banking sector is moving from digital adoption to an “intelligence-first” phase, where artificial intelligence, open banking and cybersecurity will define the next stage of financial services, the Governor of the Central Bank of Oman said. Speaking at the New Age Banking Summit Oman, he said digital transactions accounted for about 89 per […]
