Hello everyone,
With rapid technological advancements, banking services are digitizing at lightning speed. Expats are thus propelled into a new era of options and payment methods, disrupting the traditional banking services of local establishments in Oman. An evolution that presents a range of opportunities and challenges on a local scale.
Share your experiences regarding the evolution of bankings services in Oman:
To what extent are the latest banking technologies being adopted and utilized in Oman? (contactless payments, phone-based payment systems, QR codes, etc.)
What are the advantages and disadvantages?
Are new payment methods emerging in Oman? Which ones, and what does it change in your daily life?
What are the advantages of using local bank services versus an international online banking service as an expat?
Are there specific features in banking apps that you find particularly helpful as an expat in Oman?
By sharing your experiences and insights, you contribute to a broader understanding of the evolving banking landscape for expats in Oman.
Thank you for your contribution.
Cheryl
Expat.com Team
Evolution of banking services in Oman
Banking systems in Oman still under development and they already have adopted many new technologies in this regard. Everything seems that it is running all right so far, unless until you have an issue, problem, or mistake happen. The difference between Banking in Oman and other countries is to access professionals who can solve your problem. You have to call several times unless someone from online banking understands the problem you have encountered and solve it. In many cases no solution offered at all. Banking applications are also so far OK for daily transactions however, the menu's of the applications are having limited operation scopes. For selection of international banking versus local banking, as an expat living in the country for certain transactions can only be performed through local banks, such as your salary, payments for local services, etc. therefore it is a must to use local banks. I also should add that some of the banks doing better than others since I am working with many of them, but at the end, accessibility to your bank who may understands your needs is important.
Best Regards to all.
Dear Cheryl,
Greetings,
To what extent are the latest banking technologies being adopted and utilized in Oman? (contactless payments, phone-based payment systems, QR codes, etc.) What are the advantages and disadvantages?
Ans: Online app as well as debit card.
Are new payment methods emerging in Oman? Which ones, and what does it change in your daily life?
Ans: Yes in very respective technology manner.
What are the advantages of using local bank services versus an international online banking service as an expat?
Ans: Many advantages, like internationally fee pay, send remanence , quickly support on donation anywhere specially bank muscat app.
Thanks,
Taha Usmani
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