Oman is taking a big step toward modernizing its payment systems with the introduction of a national payment card. Set to be issued by local banks under the oversight of the Central Bank, this new initiative is designed to offer a more secure, smooth, and convenient way for people to make payments both online and in stores.
This move is a major part of Oman’s push to develop its digital payment landscape and reduce reliance on foreign payment providers. The new card will allow users to make transactions within a unified national system, making payments easier and safer for everyone, from consumers to businesses.
The authorities hope this new card will help boost financial inclusion, providing access to more people across the Sultanate, and it’s expected to improve the country’s banking infrastructure overall. This initiative is one step closer to a fully integrated, self-sufficient payment system that aligns with Oman’s broader economic goals.
As the country advances its financial sector, the recent announcement regarding new type of resident visa gives an exciting opportunity for foreigners. Be sure to check out the details of Golden Visa for investors, as it could be a game-changer for those looking to invest in Oman’s growing economy.
