Oman has announced a framework allowing small businesses to use electronic payment services, the Sultanate’s state news agency has reported.
The move by the Central Bank of Oman (CBO) is part of a larger campaign to promote cashless transactions across the country, as well as a national e-commerce strategy already implemented in the public and private sectors.
The framework applies to micro-businesses with less than ten employees, such as gas delivery services or small restaurants.
The new government directive will allow these entities to acquire e-payment facilities – payment cards, mobile transactions, electronic wallet applications – from licensed banks and payment service providers.
Source: https://www.arabnews.com/node/1801716/business-economy