Oman launches e-transfer system for salary payments
Salaries in Oman will now be credited to companies using e-banking channels. The system aims to credit salaries to employees at a faster pace.
Efforts by the Ministry of Finance to set-up the e-transfer methods are part of its plans for an automated clearing house, which will enable CBO to directly transfer salaries into the accounts of employees.
As part of its roll out of the e-transfer system, the Ministry of Finance has asked organisations to not provide advance salaries to employees going on annual leave.