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.
-
Economy1 month agoNumber of Workers in GCC Countries Increase From 2021 to 2025
-
OER Magazines2 months agoDossier Oman: Banking, Finance & Insurance Special Edition
-
Magazines1 month agoOER Magazine April 2026 Issue
-
Oman1 month agoREVIEW: WHOOP and the Rise of Performance Luxury
-
Lifestyle1 month agoAP x Swatch Royal Pop: A Rule-Breaking Collaboration That Takes the Royal Oak Off the Wrist
-
Economy1 month agoElectricity Tariffs Reduced for Residential Use – What It Means for You
-
News1 month agoANALYSIS: Oil Slips As Peace Hopes Reprice Middle East Risk, But Supply Tightness Keeps Market On Edge
-
News2 months agoOPINION – New CEO, New Era: What’s Next for Apple?
