CBO announces zero-fee policy for local digital transactions starting July 2026

18/06/2026 03:05 AST

Central Bank of Oman (CBO) has officially introduced significant reforms to the national payment systems, aimed at enhancing efficiency and stimulating economic growth. In alignment with Royal Directives to improve financial services, a full waiver of fees on local digital fund transfers will be implemented for all retail customers and small and medium-sized enterprises (SMEs). This policy, which becomes effective from July 1, 2026, applies to various payment methods, including the Real-Time Gross Settlement System (RTGS), the Automated Clearing House (ACH), and the Instant Payment System (IPS) for peer-to-peer transfers.

These measures are designed to reduce operational costs for businesses and encourage the wider adoption of digital banking channels across the Sultanate. By eliminating transaction fees, the CBO seeks to provide more efficient, low-cost services that contribute to a modern and inclusive financial ecosystem. This initiative represents a strategic shift towards strengthening the national digital infrastructure and promoting a more agile business environment. This move is expected to have a positive impact on both personal finance management and the overall commercial sector in Oman.


Muscat Daily

Most Viewed Companies

Ticker Price Volume

Recent News

UAE maintains benchmark interest rate at 3.65% following US Fed decision

18/06/2026

The Central Bank of the UAE on Wednesday held its benchmark interest rate at 3.65 per cent. In a statement, the bank said it was maintaining the base rate applicable to the overnight deposit facility

Khaleej Times

Dubai's secret: Why diamonds are up to 20% cheaper in UAE than India?

18/06/2026

Diamond jewellery is cheaper in Dubai than India, costing between five to 20 per cent less, according to UAE jewellers.

The precious metal industry executives said savings becoming even more

Khaleej Times

Bahrain's CBB keeps overnight interest rate unchanged at 4.25%

18/06/2026

The Central Bank of Bahrain (CBB) has announced its decision to maintain the overnight deposit interest rate unchanged at 4.25%.

This decision comes as part of the review conducted by the CB

Trade Arabia

UAE debuts IPO-style sovereign retail sukuk scheme

18/06/2026

The UAE's Ministry of Finance has launched its first sovereign retail sukuk programme, offering individual investors access to government-backed Islamic investment instruments through a public subscr

Trade Arabia

Bahrain powers into Mena's Top 5 startup ecosystems

18/06/2026

The Kingdom of Bahrain has achieved strong rankings across several key indicators in the Global Startup Ecosystem Report (GSER) 2026 with the country's startup ecosystem generating $1.6 billion in Ec

Trade Arabia

logo

Financial Information Co.

Saudi Arabia

GCC Markets

Mutual Funds

News

Investment Tools

Sector News

Screeners

Indices & Commodities

Downloads

Copyright ©2001 - 2025, Financial Information Co. All Rights Reserved.

Terms of Services | Privacy Policy | Advertise with us | Contact Us | Sitemap