Oman today_ ATM transactions in Oman are declining as users increasingly turn to mobile and digital payments. According to the Central Bank of Oman (CBO), ATM transactions dropped from 15% in 2022 to 11% in 2023. In contrast, mobile payment services like Apple Pay and Samsung Pay, launched in 2024, are gaining traction, allowing users to make purchases without the need for bank cards. Additionally, the Mobile Payment Clearing and Switching System (MPCSS) saw transactions surge from 4.9 million at the end of 2022 to 40 million by the end of 2023. This shift highlights significant changes in payment methods and a move towards a cashless society, aligning with Oman Vision 2040.
Decline in ATM Usage and Growth of Digital Payment Systems in Oman
