Oman sees decline in ATM use as mobile payments gain acceptance

The Sultanate of Oman’s ATM transaction volume declined by 14.5 percent, with total value reaching RO2.66 billion, reflecting a reduced reliance on cash withdrawals. Conversely, the Mobile Payments Clearing and Switching System (MPCSS) recorded remarkable growth, with transaction volume surging by 99.4 percent and value rising by 87.9 percent, highlighting…