MUSCAT: The Central Bank of Oman has announced the go-live of a unique payment system, the mobile payment clearing and switching system enabling it to attain one more milestone in providing safe and secure fund transfer mechanism through the medium of mobile by just using a mobile number to complete the payment transfer instantly. The MpClear system promises interoperability and a unified switching and clearing services between various mobile banking systems operated by banks thereby promoting enhanced efficiency and security of payments effected through the medium of mobile.
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