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.
-
Economy2 months ago
Here’s Everything You Need to Know About Oman’s State General Budget for 2025
-
Alamaliktistaad Magazines2 months ago
Al-iktisaad, December 24
-
Automotive1 week ago
[REVIEW] A Legend Reinvented: The Nissan Patrol Y63 Blends Heritage with Modern Mastery
-
Banking & Finance2 months ago
His Majesty the Sultan Appoints Ahmed Al Musalmi as Governor of the Central Bank of Oman
-
OER Magazines3 weeks ago
OER, January 2025
-
Alamaliktistaad Magazines4 weeks ago
Al-iktisaad, January 2025
-
Banking & Finance4 weeks ago
Ishraq Waqf Investment Fund Announces Extension of IPO Subscription Deadline
-
Banking & Finance1 month ago
Bank Muscat’s 2024 Net Profit Grows To RO225.58Mn