Fintech regulatory framework in Oman under CBB (Central Bank of Oman) — digital payments, regulatory sandbox, and financial innovation initiatives.
Ask GCC LexAI about Fintech →The Central Bank of Oman (CBO) regulates payment systems and digital financial services. Oman has been expanding its fintech regulations to accommodate digital banking, e-wallets, and innovative payment solutions.
The CBO has introduced a regulatory sandbox framework to allow fintech companies to test innovative solutions in a controlled environment before seeking full regulatory authorisation.
Oman has licensing requirements for payment service providers including e-wallet operators, payment aggregators, and money transfer businesses, all regulated under the CBO's payment systems framework.