Oman’s Fintech Market to Reach $2.8 Billion by the End of the Year #

Oman has approved commercial licenses for 16 fintechs within the borders of the small Middle Eastern nation. With 52 more currently under review, the country’s government is aiming for a 16% CAGR in the fintech sector, reaching 1.1 billion Riyal Omani, or $2.8 billion by the end of 2025.

To put things into perspective, the entire population of Oman floats at around 5.4 million people. Considering the side of their land and the population density, Oman is pulling off a miracle, launching one successful fintech after another. 

In 2024, the Central Bank of Oman 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.

On top of that, Oman is walking on tracks plotted by following their 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.