Muscat: Companies in the private sector in Oman must begin transferring their employees’ salaries online using e-banking services, as per a directive by the Central Bank of Oman and the Ministry of Labor.

The decision was announced on Tuesday, January 19, and will come into effect from February 28. The new rule is expected to create a seamless network for companies to transfer staff salaries.

The Central Bank of Oman (CBO) has also directed all banks in Oman to oblige to the new rule and provide a seamless mechanism for companies to facilitate this move from traditional forms of payments.

A statement from the CBO read: “CBO would like to bring to the attention of all public and private companies and agencies that banks in Oman will not receive any salary orders and recurring payments through insecure channels.

“All government and private companies and agencies must cooperate with the banks and follow the rule, and adhere to the specified date to implement this initiative on a national level for the interest of the public.”

#وزارة_العمل تدعو منشآت القطاع الخاص لإستخدام الخدمات المصرفية الإلكترونية لتحويل الرواتب والمدفوعات اعتباراً من
28 فبراير 2021م بناءاً على التنويه الصادر من البنك المركزي العُماني. pic.twitter.com/uo503FCuLw

— وزارة العمل -سلطنة عُمان (@Labour_OMAN) January 19, 2021