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.
-
Alamaliktistaad Magazines2 months ago
Al-iktisaad, November 24
-
OER Magazines1 month ago
OER Magazine: December 2024 Edition – The Most Trusted Brands in Oman
-
Energy2 months ago
Oman and Belgium Strengthen Green Hydrogen Partnership with New Landmark Agreement
-
Energy2 months ago
OUTLOOK: Emerging Markets and Renewables – The Twin Engines of Energy Growth for 2025
-
Technology1 month ago
EXCLUSIVE: Technological Singularity – Will It Become Humanity’s Greatest Leap or Its Most Perilous Step?
-
Magazines2 months ago
OER Magazine: November 2024 Edition
-
Oman2 months ago
Oman Braces for Launch of First Experimental Rocket Duqm-1 on 4 December 2024
-
Oman2 months ago
Transport Ministry Issues New Regulation for Security of Ships, Ports