back Back

Markazia Toyota customers to settle installments via eFAWATEERcom

By Edil Corneille

September 14, 2020

  • Jordan
  • Markazia Toyota
Share

eFAWATEERcom, logo, MadfooatCom, Markazia Toyota has recently collaborated with eFAWATEERcom which entails enabling customers with the option to complete their installments at the press of a button – anytime and anywhere. This may be done directly via the eFAWATEERcom app, through their mobile banking app, or by visiting the eFAWATEERcom cash-based payment locations available across the Kingdom.

“Facilitating the payment process; saving time and effort; and continuously enhancing safety and security are the main reasons we embarked on this collaboration, which allows us to provide our customers with solutions that ensure their peace of mind and present them with a unique experience from the moment they purchase their vehicles onwards,” commented Markazia Managing Director, Nadim Haddad.

eFAWATEERcom is said to be a simple and secure electronic payment system, operated by MadfooatCom under the supervision of the Central Bank of Jordan. MadfooatCom is an online, real-time bill presentment and payment system (EBPPS). The system helps customers to inquire about and pay their bills, and make payments anytime and anywhere.

eFAWATEERcom is an easy-to-use electronic service for checking the due bill amount and for paying bills. A variety of electronic payment methods or cash-based locations are available. Businesses can focus on adding value to clients.

In 2014, the Central Bank of Jordan opened up a tender process to find an electronic solution that would make bill payment easier, while also helping to reduce the amount of cash in circulation. A number of regional and international companies applied, and the bid was won by MadfooatCom for Electronic Payments.

MadfooatCom’s CEO and Founder Nasser Saleh established the company in 2011. He previously lived for several years in Saudi Arabia, and upon returning to Jordan, he combined his knowledge of electronic payment systems abroad with his passion for improving lives by leveraging technology. Madfooatcom is a Jordanian company headquartered in Amman.

Previous Article

September 14, 2020

FinTech Startup Flaist launches EVA to provide personalized customer service

Read More
Next Article

September 14, 2020

Tech Nation launches FinTech Pledge to boost UK’s FinTech sector

Read More










IBSi Daily News Analysis

Wealth management, HNIs, HNWIs

June 02, 2023

Jordan

How wealth management firms can grow revenues in a declining market

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

Today

Sikoia chooses Yapily to provide Open Banking access to its clients

Read More

Today

Standard Life selects Moneyhub for open finance integration

Read More

Today

UnionPay International & Pecunpay launch debit card for Spanish tourists in China

Read More

Related Reports

Sales League Table Report 2022

£1,500.00 / year

Know More
Global Digital Banking Vendor & Landscape Report Q1 2023

£1,500.00 / year

Know More
Wealth Management & Private Banking Systems Report Q1 2023

£1,500.00 / year

Know More
Global Transaction Banking Vendors and Landscape Report Q1 2023

£1,500.00 / year

Know More
Treasury & Capital Markets Systems Report Q1 2023

£1,500.00 / year

Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2022