finpeel Answers · Oman · updated 2026-08-31
Yes. Providing regulated payment services in Oman requires authorisation from the Central Bank of Oman (CBO) under the National Payment Systems Law and the CBO's licensing policy for Payment Service Providers (PSPs) and ancillary payment-service activities.
The licensing analysis starts with the activity rather than the product label. The CBO framework covers regulated payment services such as payment-account issuance, domestic and cross-border money transfer and other payment activities, so a fintech should map the actual flow of funds and customer-facing functions before deciding which PSP permission is required.
A technology company that only supplies software to a licensed financial institution is not automatically treated the same way as a company that itself provides the regulated payment service to customers. The legal role of each party, control of the payment flow and contractual relationship with the customer matter.
Oman has an established payments licensing perimeter under the National Payment Systems Law, so a fintech should not use the regulatory sandbox as a substitute where an existing PSP licensing route already applies.
Regulator: Central Bank of Oman (CBO)
Primary sources: CBO — Licensing Policy for Payment Service Providers (PSP) & Ancillary Payment Service Activities · CBO — Legal Framework of the National Payment Systems
Directional — not legal advice. Verify with the regulator before committing.
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