Oman Fintech Market Projected to Reach $2.8B by End of 2025

Oman has set out an accelerated agenda for the fintech sector, with the market projected to reach $2.8 billion (RO 1.1 billion) by the end of 2025 at a 16% CAGR.

This year, active fintech firms rose from 26 to 42 in one year, with 16 fintech licences approved, and 52 applications are under review by the Central Bank of Oman. The sandbox is being promoted to attract foreign direct investment from global fintech players.

Activity is concentrated in infrastructure and consumer access: payments account for 22% of firms, followed by personal finance, digital payments/PoS solutions, and trading & crowdfunding at 19% each.

This rise is no coincidence. Central Bank of Oman has launched an Innovation Acceleration Programme and a dedicated regulatory sandbox, alongside a new digital-bank licensing roadmap with progressive entry tiers linked to capital requirements and localisation commitments.

Oman’s framework is supported by a national AI policy rolled out in April 2025, aligned with broader GCC ethics and Oman Vision 2040. The country is ranked fourth globally among developing economies for ICT-related FDI. Funding channels include RO 25 million via the Inma fund for SMEs in 2025. Adoption indicators are also rising, with OmanNet logging 14.5 million digital transactions in Q1 2025.