Apple Pay few months away from launch in Oman

Apple Pay few months away from launch in Oman

MUSCATThe much-awaited Apple Pay digital payment service will be launched in the Sultanate of Oman in the next few months, probably this summer. Supported in the UAE, Saudi Arabia, Qatar, and Bahrain, Apple Pay is a mobile payment service that allows users to make payments in person, in iOS apps, and on the web.Sources from the banking industry told the Observer on the sidelines of COMEX 2024 that the service will be launched in the next couple of months. An executive from Central Bank of Oman (CBO) said that Apple is in the final stages of preparations and will be launched in the next couple of months, which was also confirmed by other major banks.For iPhone users, Apple Pay can replace the current system of payments via credit or debit cards at cash counters. Last year, the Central Bank of Oman (CBO) issued guidelines and instructions for banks and payment service providers to provide the Card Tokenization Service, which will replace the current method of card-based payments.The decision has to be enforced based on the readiness of banks and payment service providers. Customers can register payment cards on smart devices, and perform contactless payment transactions at local and international electronic