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OIFC gets CBO license to operate as payment service provider

7 Jan 2024 By OUR CORRESPONDENT

Muscat – Oman Investment & Finance Company (OIFC) announced on Sunday that the Central Bank of Oman (CBO) has granted its final approval and license for OIFC to operate as a payment service provider in Oman.

‘We are pleased to inform the shareholders, Muscat Stock Exchange, and the public that the CBO has granted the company its final approval and license to operate as a payment service provider in Oman,’ the company said in a disclosure submitted to the Muscat Stock Exchange.

OIFC further stated that the license will enable the company to offer new digital payment services, such as the Khedmah e-Wallet, and a variety of payment channels for its clients.

OIFC Group reported a net profit of RO3.549mn for the first nine months of 2023, compared to RO4.382mn for the corresponding period of the previous year.

In its third-quarter 2023 report, OIFC mentioned that the company is engaged with multiple principles to explore new business opportunities.

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