01
Document overview
Permits licensed banks and PSPs to onboard defined micro-business entities for e-payment acquiring under a board-approved KYC policy, risk assessment and CBO-approved payment channel.
02
Scope and exclusions
Applies to
Addressed to licensed banks and PSPs; the circular describes a micro-business as a small entity employing fewer than ten people and gives illustrative examples.
Limitations and exclusions
Concerns merchant acquiring, not general business registration, bank credit or guaranteed current-account opening; later payment and e-KYC requirements must be checked separately.
04
Official source
CBO PSD/Banks-PSPs/2021/003 · 10 January 2021 · Central Bank of Oman
September 13, 2026
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