The Omannet payment method is an electronic payment system used in Oman. It was established by the Central Bank of Oman (CBO) to facilitate financial transactions and promote financial inclusion in the country.
The Omannet system allows individuals and businesses to make electronic payments using debit and credit cards issued by Omani banks. It also offers features such as online payments and money transfers between bank accounts.
To use Omannet, users typically need to register with their bank and obtain a payment card that is compatible with the system. Once registered, they can make electronic payments at participating merchants, online, and through other payment channels that accept Omannet.
The main goal of Omannet is to reduce the use of cash, enhance the security of financial transactions, and promote the efficiency of electronic payments. By encouraging the use of this system, the CBO aims to modernize Oman’s financial sector and promote the adoption of financial technologies in the country.