Post by : Shakul
The Sultanate of Oman is witnessing a significant transformation toward a digital economy, driven by the rapid adoption of electronic payment methods and the expansion of e-commerce infrastructure. Digital transactions have become an integral part of daily commercial and consumer activities, contributing to stronger business growth and greater purchasing power across the country.
According to data from the Central Bank of Oman, the value of transactions processed through local electronic payment gateways reached approximately OMR 3.2 billion during 2025, representing a growth rate of 76.3 percent compared to the previous year. The total number of transactions exceeded 168 million, marking an increase of 150 percent and reflecting growing confidence in digital financial solutions.
The report also revealed that transactions through point-of-sale devices surpassed OMR 7.5 billion, while QR code payments recorded the fastest growth among digital payment methods. QR transactions increased by 133.5 percent to reach nearly OMR 8 million, highlighting the growing popularity of contactless and mobile payment technologies among consumers and businesses.
Experts say the rise of digital payments has improved the efficiency of commercial activities by reducing dependence on cash and accelerating financial transactions. The system has also strengthened transparency, lowered operating costs and provided more accurate economic data that supports national planning and decision-making processes.
Digital payment solutions have become a key driver of e-commerce growth, enabling small and medium-sized enterprises to enter online markets and reach broader customer segments. Improved access to secure payment systems has encouraged entrepreneurship and supported efforts to diversify the national economy through technology-driven business models.
Academics and economic experts noted that the widespread adoption of digital payments reflects a broader shift in consumer behavior and growing trust in modern technologies. Consumers are increasingly relying on banking cards and mobile applications for everyday purchases, bill payments and financial management, creating a more connected and efficient digital ecosystem.
While the sector continues to expand rapidly, experts emphasized the importance of strengthening cybersecurity, enhancing digital literacy and ensuring that businesses comply with approved electronic payment systems. They stressed that maintaining public trust and protecting consumers will remain essential for sustaining growth and achieving the long-term objectives of Oman Vision 2040.
English
