Mastercard partners with UWallet to launch digital debit card in Jordan
By Leandra Monteiro
UWallet, a payment service provider, recently announced the launch of the first digital Gold Mastercard Debit Card across E-wallets in Jordan in partnership with payment technology company Mastercard. The move expands the reach of UWallet’s customer base while simultaneously providing clients with more benefits.
The launch of the digital card signifies the first phase of this strategic partnership, which aims to continue providing simple, safe and secure solutions and services. This will encourage greater financial inclusion in the country, create new digital channels for UWallet users and help underserved groups in the banking sector.
Customers can now also apply for a digital Mastercard card through the UWallet application, which is issued instantly and can be used for online transactions including online shopping, games, food, groceries, as well as the payment of bills, monthly subscriptions and other services directly through the application.
UWallet CEO, Dr. Alaa Ensheiwat said, “Through the launch of this exclusive digital card, we once again rise to meet the unique needs of our customers, who remain at the center of all our work. We are focused on consistently providing our customers, especially those who have limited access to banking services, with new digital services that are secure, efficient and innovative.” Highlighting that issuing the MasterCard card digitally via UWallet application will save time and effort for customers.”
Dr. Ensheiwat added, “Our partnership with Mastercard advances national efforts to achieve financial inclusion and innovative solutions in Jordan and will be pivotal in accelerating the transition to a digital economy. This, in turn, will offer our customers the opportunity to conduct countless transactions online, without the need for a bank account.”
J.K. Khalil, Country Manager, Saudi Arabia, Bahrain & Levant, Mastercard, commented on the partnership, “As the trusted technology partner for the most innovative FinTechs around the world, we are excited to partner with UWallet, an emerging payments service provider in Jordan. Together, we will provide access to our extensive technologies to transform the payment experience and enable consumers in Jordan to make faster, simpler and safer transactions, ultimately achieving our vision of a cashless society where everyone and all businesses can thrive.”
The Gold Mastercard Debit Card provides cardholders with numerous benefits, including low-cost mobile insurance and $500 in annual e-commerce insurance for merchandise not delivered within 30 days, in addition to discounts on international shipping from My US. The card also provides holders with the option of making travel reservations through the Cleartrip website or mobile app with the ability to receive a one way or round-trip discount.