Over the past nine years, the average annual increase in the volume and value of transactions routed through the RTGS has been -4.52% and 69.53%, respectively. In terms of the Retail Payment Systems, both volumes and values in ACH, MPCSS and OmanNet have shown a steady growth rate, reflecting consumers' preferences across various electronic payment methods. Conversely, the ECC volumes and values have been consistently decreasing.
Statistical analysis has shown that the average annual increase in volume and value for ACH was 558.31% and 432.67%, respectively. While the average annual increase in volume and value for MPCSS over the past six years marked a significant increase, reflecting the financial activities carried out in the system. As for OmanNet, over the past nine years, the average annual increase in volume and value has been 908.26% and 162.32%, respectively. In contrast, ECC has experienced a continuous decline, with average annual decreases in volume and value of -17.36% and -35.62%, respectively.
1. Large-Value Payment System:
a. Real Time Gross Settlement (RTGS)
2. Retail Payment Systems:
a. Automated Clearing House (ACH)
Salaries Processed Through National Payment Systems:
b. Mobile Payment Clearing & Switching System (MPCSS)
MPCSS Transaction Methods:
c. Electronic Clearing Cheque (ECC)
Bounce Cheques
The cheques that have been returned due to different reasons.
d. Card Payment System "OmanNet"
Volumes of OmanNet Channels (ATM, POS, E-commerce)