back Back

Orange Money & Jordan Post to boost digital financial services in Jordan

By Delisha Fernandes

April 16, 2024

  • Bank Accounts
  • Electronic Payment
  • Financial Transactions
Share

Orange MoneyPetra Mobile Payment Service Company (Orange Money) and the Jordan Post Company have partnered to boost digital financial services in Jordan. Both parties have signed an agreement to provide mobile payment-related services to Orange Money’s customers directly.

The agreement will allow both parties to elevate the digital financial experience of the customers. It will serve as a gateway for the Jordan Post Company’s customers to a complete world of financial transactions, such as withdrawal and deposit services, that is one click away and starts with opening accounts on the Orange Money Wallet.

This agreement falls under the efforts of both parties to enhance the fast-growing financial technology scene in Jordan. Such growth is represented in the number of e-wallet users in Jordan which reached 2.17 million, in addition to 1.2 million bank accounts linked to the instant payment system for the year 2023. The value of transactions executed through the instant payment system amounted to JD 8.2 billion, whether through e-wallets or through CliQ accounts. Moreover, the number of opened accounts on the Orange Money wallet reached one million users, and it dominated the local market when it comes to the number of financial transactions executed through the wallet.

The customers will be able as well to link their visa companion cards to the wallet to easily perform transactions, and will be able to transfer money locally through the CliQ system and internationally through the App. Through their opened accounts on the wallet, the customers can also pay their bills, recharge their prepaid lines, and has full access to eFAWATEERcom.

Orange Jordan launched the “Orange Money” electronic payment service in 2020 to enrich the experiences of the customers to enable them to conduct all financial transactions easily and in one place. The services that are provided by the wallet have evolved since that time until now to include all the financial transactions that the customers need to complete digitally.

Previous Article

April 16, 2024

Nium approved as a ‘Registered Financial Service Provider’ in New Zealand

Read More
Next Article

April 16, 2024

FinTech BENEFIT launches IDV feature to enhance security

Read More








IBSi Daily News Analysis

Complaints Fraud

May 22, 2024

Bank Accounts

UK SMEs lack fraud protection, facing significant financial risks, study shows

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

May 22, 2024

Euronet expands Debit Card Management and ATM Driving Services for JS Bank

Read More

May 22, 2024

Sabre Hospitality and Uplift partner to offer flexible hotel payments

Read More

May 22, 2024

American Express & Emburse bring integrated expense management solutions to SMEs

Read More

Related Reports

Sales League Table Report 2023
Know More
Global Digital Banking Vendor & Landscape Report Q1 2024
Global Digital Banking Vendor & Landscape Report Q1 2024
Know More
Wealth Management & Private Banking Systems Report Q1 2024
Wealth Management & Private Banking Systems Report Q1 2024
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q1 2024
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 2023