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Oman grants payment service provider licence to two top firms

The Central Bank of Oman (CBO) announces the granting of Payment Service Provider (PSP) license to two non-banking financial entities (fintech companies)

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The CBO has granted PSP license to Oman National Engineering and Investment Company (ONEIC) and Oman Investment and Finance Company (OIFC); the two companies will soon launch their first smart electronic services.

The license was granted as these companies fulfill the conditions and conform to the legislation and laws in the Sultanate of Oman.

This step aims to enable institutions operating in the technology sector to carry out their activities and expand the scope of their work with ease by benefiting from successful global and regional experiences in this sector.

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