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Oman, situated on the southeastern coast of the Arabian Peninsula, has a developing economy. The country is gradually embracing digitalization with a growing adoption of mobile banking and contactless payments. The government is actively promoting financial inclusion and encouraging the use of digital financial services. Oman’s payment system shows a gradual move towards digitalization. While cash remains prevalent, particularly in smaller businesses and rural areas, credit and debit cards are gaining acceptance, especially in urban centers and among younger demographics. Online banking and electronic transfers are common, and mobile payment solutions are expanding, driven by efforts to improve financial inclusion and enhance efficiency.

Population

Estimated Population

5.2 million

Currency

Currency

Omani rial (OMR)



Popular payment methods