Oman’s MoCIIP lists companies to offer electronic payment services to consumers

The ministry pointed out that these business activities include industrial zones, complexes and shopping malls, gift markets, sales of food products, sales of gold and silver, restaurants and cafes, sales of fruit and vegetables, electronics, building materials and tobacco sales.

Muscat: The Ministry of Trade, Industry and Investment Promotion (MoCIIP) has announced the list of existing companies that are obligated to provide electronic payment services to consumers, starting in 2022.

The MoCIIP said in a statement: “From next January, the ministry, in cooperation with a number of relevant authorities, will begin the first stages of the implementation of the decision to oblige certain existing business activities to be provided. an electronic payment service to consumers.

The statement continued that this is part of the pursuit of a comprehensive digital transformation in line with Oman’s vision 2040.

The ministry pointed out that these business activities include industrial zones, complexes and shopping malls, gift markets, sales of food products, sales of gold and silver, restaurants and cafes, sales of fruit and vegetables, electronics, building materials and tobacco sales.

“Provide the service without setup fees or monthly or annual fees for private sector institutions and only commit to the merchant transaction fees specified by the Central Bank of Oman,” the statement added.

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