Oman will begin using India’s United Payment Interface (UPI) and RuPay credit and debit cards, joining a growing number of countries that use and accept ‘Made in India’ payment solutions.
The development occurred during V. Muraleedharan’s two-day visit to the country as Minister of State for External Affairs. During the minister’s visit, the National Payments Corporation of India (NPCI) and the Central Bank of Oman (CBO) signed an agreement for collaboration in fintech and payments. With this, Oman has become the fourth Middle Eastern country to begin using India’s homegrown payment system, following in the footsteps of neighbours Bahrain, Saudi Arabia, and the United Arab Emirates. The Middle Eastern country has joined Singapore, Malaysia, Thailand, the Philippines, Vietnam, Cambodia, Hong Kong, Taiwan, South Korea, and Japan (in collaboration with Liquid Group), as well as Nepal, Bhutan, France, the United Kingdom, and Russia in deploying or planning to deploy UPI.
