MUSCAT: A symposium on digital payments held in Oman highlighted the importance of enhancing the efficiency and speed of electronic transactions, expanding the availability of digital payment services across businesses and strengthening public awareness of safe payment practices. The event, organised by Bank Muscat in cooperation with the Central Bank of Oman (CBO), the Ministry […]
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 […]
Muscat: The Sultanate of Oman is seeing a big surge in the use of Instant Payment Systems (IPS) in 2025, according to the latest overview of the performance of the national payment systems in the second half of 2025, compared to 2024 during the same period. Instant payment systems enable real-time electronic fund transfers, allowing […]
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 […]
