Globally, Fintech is a rapidly growing and evolving buzz word in the financial industry. COVID 19 gave a big push to fintech products all over the world;Oman is no exception. People prefer to use touchless financial services. It is revolutionizing the finance and other industries with digital technology that helps develop financial activities and improve the flow of financial transactions as well as provide a seamless experience to customers. This new technology also impacts the Middle Eastern region and the Gulf Cooperative Countries (GCC). In contrast, a country like Oman has embraced this new technology development in both the public and private sectors. This chapter will focus specifically on Oman and describe how Fintech embraced and implemented there. This chapter will also examine how it is impacting the Omani banking and finance industry at present and what would be the future trends. This chapter would be useful for strategic consultants, developers, analysts, scholars, entrepreneurs and big conglomerates to make educated choices and build a strong sense of understanding of Oman’s Fintech environment and the unexplored possibilities. © The Author(s), under exclusive license to Springer Nature Switzerland AG 2021.
Fintech in oman: Present and future scenario