The Central Bank of Oman has issued a regulation governing the practice of buy now, pay later (BNPL) services, setting a formal supervisory framework to ensure the service is provided in a disciplined and transparent manner. The rules apply to institutions licensed by the Central Bank of Oman to conduct BNPL activities and set out licensing requirements and procedures, capital adequacy requirements, disclosure and transparency standards, risk management mechanisms, and consumer protection obligations.
Central Bank of Oman 2026-02-22
Central Bank of Oman issues regulation governing buy now pay later services with licensing, capital and consumer protection requirements
The Central Bank of Oman has introduced regulations for buy now, pay later (BNPL) services, establishing a supervisory framework for disciplined and transparent operations. The rules mandate licensing, capital adequacy, disclosure standards, risk management, and consumer protection for licensed institutions.