Oman licence is ‘tremendous’ win for Egypt’s Paymob

Oman licence is ‘tremendous’ win for Egypt’s Paymob

Digital payments company Paymob has secured a licence to expand into Oman and says it represents a “tremendous opportunity” as e-commerce transactions soar.  The Cairo-based business has announced that it has received the Central Bank of Oman’s (CBO) payment service provider licence, the first international fintech to do so. The licence authorises Paymob to accept […]

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Digital payments company Paymob has secured a licence to expand into Oman and says it represents a “tremendous opportunity” as e-commerce transactions soar. 

The Cairo-based business has announced that it has received the Central Bank of Oman’s (CBO) payment service provider licence, the first international fintech to do so.

The licence authorises Paymob to accept and process online and in-store payments in Oman via the CBO’s OmanNet system. 

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“We are bullish on Oman because we see a tremendous opportunity to add value to the market,” said Omar El-Gammal, executive vice-president global business development at Paymob.

Oman is digitally transforming its banking sector, guided by the country’s Vision 2040. 

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