Economy
E-Payment Services Made Mandatory in Oman
Muscat: The Minister of Commerce and Industry and Investment Promotion (MOCIIP) said its decision 386/2022 on the mandatory provision of electronic payment services to consumers will be implemented today.
According to the MoCIIP decision on April 17th, all commercial institutions and companies that did not adhere to the e-payment services in the following categories will be penalized.
According to Article (1) all activities including foodstuff, gold, silver, vegetables and fruit vendors, restaurants and cafes, electronics, building materials, tobacco products, industrial zones, malls, complexes and gift markets must provide electronic payments to all its consumers.
The Ministry also affirmed that the consumers have the choice to pay electronically or by cash despite the mandate. This mandate is to enhance the digital transformation integration between the Ministry of Commerce and Industry and Investment Promotion, CBO, OCCI, and the Ministry of Transport, Communications and IT.
-
Uncategorized2 months ago
Oman Oil Marketing Company partners with Ihsaan Association to support its activities
-
OER Magazines4 weeks ago
Signature, October 24
-
Alamaliktistaad Magazines4 weeks ago
Al-iktisaad, October 24
-
Commodities2 months ago
Gold Rangebound as Investors Brace for Key US Economic Data
-
Banking & Finance2 months ago
Apple Pay Officially Launched in Oman
-
Oil & Gas2 months ago
OQEP Appoints United Securities as Liquidity Provider Ahead of Landmark MSX Listing
-
Magazines3 weeks ago
OER, October 24
-
Lifestyle2 months ago
Royal Opera House Muscat Welcomes First Shows of its 2024/25 Season