Cairo- Sharikat Mubasher: The Egyptian fintech company Paymob obtained the payment service provider (PSP) license from the Central Bank of Oman (CBO) to be the first fully licensed international fintech company in the Sultanate, the company announced in a statement.
Through the PSP license, Paymob will be able to accept ad process online and in-store payments in Oman, backed by its local integration with CBO’s secure payment infrastructure, OmanNet.
Additionally, merchants in Oman will be able to accept both local and cross-border payments through Paymob’s gateway, eliminating the need for multiple gateway integrations.
Islam Shawky, Co-founder and CEO of Paymob, said: “We are committed to enabling SME growth in Oman by making cutting-edge payments solutions accessible to all merchants and processing transactions seamlessly and securely through our local gateway.”
He added that obtaining the license underscores the confidence of the CBO in Paymob’s technology.
Paymob’s omnichannel gateway offers more than 40 payment solutions and empowers over 250,000 merchants with access to innovative financial services.
