Nike - Jordan tri-fold col 023 9A0325

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The application was established in 2014 as a response to the local market needs to facilitate and speed up payment processes through mobile applications. He’s also recognised for a recent Air Jordan trainer which sat as part of the “Fearless Ones” Nike series. In 2019 he took this relationship further and released his first killer, codesigned collection with the brand.

Jordan’s Fintech Landscape in 2022 The Kingdom of Jordan’s Fintech Landscape in 2022

The Kingdom of Jordan presents an opportunity to further grow its wider digital economy and fintech plays and will continue to do so in that environment. You can also perform cardless cash out from Housing Bank, Cairo Amman Bank, Arab Bank and Jordan Kuwait Bank ATM’s. This included CBJ partnering with the National Aid Fund (NAF) and Social Security Corporation (SSC) to distribute aid to vulnerable Jordanians through m-wallets.It enables users to use their mobile phones to transfer small-value payments, paybills, and instantly transferto mobile wallets and banks accounts, in addition to making direct payments for purchases. There are no extra charges on any of the e-wallet services provided that the withdrawal is made from the Jordan Kuwait Bank ATMs. This new digital ‘bank for you’ offers a full suite of financial services like debit, credit, prepaid cards, international money transfers – to name a few of its perks.

Jordan Wallets - Etsy UK Jordan Wallets - Etsy UK

The Central Bank of Jordan (CBJ)’s National Financial Inclusion Strategy 2018-2020 also aimed to “build on a set of priority policy areas, three of which form the core sectoral pillars: microfinance; digital financial services; and small and medium-sized enterprise finance. Payments can be done between and among all types; individuals can transfer money to businesses rather than using cash for service or product payments as an example, while businesses can transfer salaries directly to the individuals’ wallets without the need to hand out cash. Therefore, having an educated population, coupled with relatively strong entrepreneurship and startup scene, presents an opportunity for the Kingdom of Jodan. Disclaimer: Informationonthe ATM, agent, and merchant locations in google maps are provided by banks and mPSPs, who are responsible for the accuracy of the data provided.

In the previous The Fintech Times Fintech: Middle East and Africa 2021 Report, we reported that Jordan, similar to much of the MEA region, has a very young population, where around 60 per cent of it is under 30 years old. To maximize access, JoPACC worked with some national institutions to activate their role as agents, one of which is the Jordan Post Company that began providing agent services in a number of its branches in the Kingdom . In addition to inquiring, payments to billers can be made through the e-wallet accounts, which provides ease of access and payment to all billers via eFAWATEERcom. For example, companies can transfer salaries to employees’ electronic wallets, furthermore, individuals can transfer money to the merchant's wallet to pay for specific service or product. Users can open an electronic wallet free of charge without depositing any minimum amount through one of the above-mentioned service providers.