The Central Bank of Oman (Oman) recently announced that local banks in the country will soon issue a national payment card under its supervision. It is an extension of the national payment systems, Oman Net. According to the CBO, the card will provide a secure and seamless local payment experience within the Sultanate of Oman, […]
The Central Bank of Oman (CBO) has revealed the brand identity of the national payment card, which will be called ‘Maal.’ Banks in the Sultanate of Oman are already working on the project, which, according to sources, will be launched in the coming months. Maal will be a step toward achieving local self-sufficiency and continuing […]
Muscat: The Sultanate of Oman is experiencing an explosive rise, driven by mobile and instant payment solutions, which also underscores the need for robust cybersecurity and regulatory safeguards to maintain the integrity of its financial system. According to the Financial Stability Report 2025, the Mobile Payments Clearing and Switching System (MPCSS) experienced the strongest growth among all […]
Muscat: The Sultanate of Oman on Thursday pilot-launched the national payment card, Maal, coinciding with the celebration of Oman’s National Day. The initiative aims to strengthen the national payments framework by reducing costs for banks, merchants, and payment service providers (PSPs), while expanding the use of digital payment methods across various economic sectors. The approved […]
Muscat: The Central Bank of Oman (CBO) has introduced the System of Partial Payment of Cheques, effective from December 15, 2025, in line with new regulatory instructions aimed at enhancing flexibility and efficiency in cheque settlements. Under the new system, cheque beneficiaries will be allowed to receive available funds from a customer’s bank account even […]
