Oman’s digital economy expands rapidly as electronic payments surge - ZAWYA

Summary

Oman's digital economy is experiencing rapid expansion, driven by a significant surge in electronic payments. The Central Bank of Oman reported a substantial increase in mobile payments and point-of-sale transactions over the past year. This growth is indicative of the nation's broader efforts towards digital transformation and economic diversification. Why it matters: This trend fosters a more robust digital infrastructure and a digitally literate population, creating an environment conducive to the future adoption and development of AI technologies in the region.