The increase in volume & value of transactions, in general, routed through the payment systems in Oman, reflects the progress towards a less cash society.
The average annual increase in volume and value of transactions routed through RTGS for the last seven years was 9.99% and 6.54% respectively. In terms of the Payment Clearing Systems, the transaction volume & value illustrated a constant growth rate, which reflects consumer preference for payments using different electronic payment modes instead of cash. Statistical analysis illustrates that the average annual increase in volume of ACH, ECC and OmanNet for the last seven years was 20.77%, 8.00% and 32.19% respectively. Furthermore, the average annual increase in value of ACH, ECC and OmanNet for the last seven years was 21.54%, 5.66% and 31.34% respectively.
Payment Settlement System
Payment Clearing Systems