BM Wallet
Country: Oman (OM) | Payment Rail: closed_loop_wallet
DigitalWallet
Market Adoption: 8%
BM Wallet is the flagship mobile digital wallet of Bank Muscat in Oman, featuring direct banking integration and MpClear interoperability widely used for P2P transfers and merchant payments.
🔄 User Payment Flow
- User selects BM Wallet / Bank Muscat Mobile at merchant checkout
- User scans dynamic merchant QR code or enters mobile number / alias
- User authorizes payment with fingerprint, FaceID, or mobile banking PIN
- Funds are transferred directly from bank account to merchant
⚙️ Characteristics & Settlement
| Instant Payment | YES |
| Supports QR | YES |
| Supports Recurring | NO |
| Supports Refund | YES |
🛠️ Merchant Integration Steps
- Merchant generates dynamic MpClear / BM Wallet transaction request
- Customer approves payment in Bank Muscat mobile banking app
- Bank Muscat settles transaction and updates merchant balance
- Merchant receives instant API callback confirming payment
🚀 Supported Payment Gateways & Acquirers (PSPs)
🔌 Tap Payments