• Oman

    • Oman to Introduce Apple Pay and Samsung Pay: Central Bank of Oman

    By on September 11, 2023

    Muscat: The Central Bank Of Oman issued instructions for banks and PSPs to provide Card Tokenization Service. This service allows local and international electronic payment applications available on smart devices to activate their services in the Sultanate of Oman

    The Central Bank of Oman issued guidelines and instructions for banks and payment service providers to provide Card Tokenization Service

    Card Tokenization – Replacing the primary card number with a “Token” that is used on smart devices to complete payment transactions securely

    With the aim of:

    Providing a new seamless payment experience

    Encouraging innovation in electronic payments, and less cash dependent

    Enhancing security in card payment transactions

    Supporting the national digital transformation programme and e-commerce strategy

    With the activation of the Card Tokenization Service:

    Customers can register payment cards on smart devices, and perform contactless payment transactions

    Local and international electronic payment applications on smart devices (such as Apple Pay, Samsung Pay, etc.) will be able to activate their services in the Sultanate of Oman

    Customers will not be charged any fees for activating and using the service

    The service activation process is expected to take 6-9 months

    Based on the readiness of banks and payment service providers

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