Empowering Financial Inclusion in Oman: Leveraging FinTech for Future Economic Prosperity
As Oman looks towards the future, it is imperative to address the challenges and opportunities presented by the evolving landscape of financial technology (FinTech) and its implications for the future of finance. This research aims to explore the potential of FinTech in fostering financial inclusion and driving economic growth in Oman as part of the country’s vision 2040 for sustainable development. By examining the current state of financial services, regulatory frameworks, and technological infrastructure, this study seeks to identify key areas where FinTech can play a transformative role in expanding access to financial services, promoting innovation, and enhancing financial literacy among underserved populations. Through a combination of qualitative and quantitative analysis. This research assessed the opportunities, challenges, and best practices for integrating FinTech solutions into Oman’s financial ecosystem. Ultimately, the findings of this study provided valuable insights and recommendations to policymakers, regulators, financial institutions, and other stakeholders on how to harness the power of FinTech to drive inclusive growth and achieve the objectives outlined in Oman’s vision for the future.
Keywords: FinTech, financial inclusion, economic prosperity, Oman Vision 2040, sustainable development, regulatory frameworks, technological infrastructure, innovation, financial literacy
