Apple Pay, Samsung Pay, mobile transfers: How customers make payments in Oman Finance

Apple Pay, Samsung Pay, mobile transfers: How customers make payments in Oman

Following the launch of guidelines for card tokenisation in 2023, international and local payment applications like Samsung Pay and Apple Pay were launched in the Sultanate. According to the Central Bank of Oman’s annual report, these applications allow users to make payments using smartphones and smart watches, instead of carrying cards. Samsung Pay was launched […]

Musk to pay .5 million to settle Twitter takeover case Technology

Musk to pay $1.5 million to settle Twitter takeover case

 Tech billionaire Elon Musk is set to end a lawsuit by the US Securities and Exchange Commission (SEC) over his share purchases during his takeover of Twitter with a payment of $1.5million. Musk and the SEC agreed on the amount in a settlement disclosed on Monday that will be submitted to the assigned judge for […]

Thawani Pay, Network International sign partnership Finance

Thawani Pay, Network International sign partnership

Muscat – Thawani Technologies LLC (Thawani Pay), an Omani fintech and the first non-bank payment service provider licensed by the Central Bank of Oman and Network International (Network), on Tuesday announced a strategic partnership to accelerate digital payment innovation and expand credit card capabilities in the Sultanate of Oman. This partnership builds on Thawani Pay’s continued […]

CBO issues guidelines for ‘Buy Now, Pay Later’ service Finance

CBO issues guidelines for ‘Buy Now, Pay Later’ service

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 […]