- Paymob, a MENAP-based fintech, is now licensed as a Payment Service Provider (PSP) by the Central Bank of Oman.
- Paymob claims to be the first international fintech fully licensed in Oman, complying with the central bank’s regulatory framework.
- With the license, Paymob can now process online and in-store payments in Oman using its local integration with OmanNet, the central bank’s payment infrastructure.
- Oman-based merchants using Paymob’s gateway can accept local and cross-border payments, streamlining the integration process.
- Founded in 2015, Paymob operates in the MENAP region and expanded to Pakistan in 2021, UAE in 2022, and Saudi Arabia in 2023.
- Paymob’s gateway offers 40 payment methods, serving over 250,000 merchants and employing 1,400 people in the region.
- Backed by investors like PayPal Ventures, Kora Capital, Clay Point Capital, Global Ventures, FMO, A15, British International Investment, and more.
