01
Document overview
Defines the licensing perimeter for PSPs and ancillary payment functions, including wallets, transfers, acquiring, payment aggregation, gateways and technology roles.
02
Scope and exclusions
Applies to
Applies by reference to the project's actual functions: customer contract, control of funds, payment account or wallet, settlement flow and the role of banks and other partners.
Limitations and exclusions
A payment gateway or technology vendor is not always a standalone PSP, but labels are not determinative: holding funds, ledger, remittance, acquiring and customer-facing obligations are assessed separately.
04
Official source
CBO Circular BM 1192 · PSP and ancillary payment activities · Central Bank of Oman
August 24, 2026
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