There is a long list of partners approved for charging e-wallets, from Exchange service stores, post offices, telecommunications companies, supermarkets and some mobile stores. View the full list here

Jordan – Experiences Reaching Refugees With Mobile Money In Jordan – Experiences

Then chose the desired Electronic Voucher Store and the denomination and then press more details and buyToday, the two-year-old start-up enjoys a market share of 21% in terms of total registered wallets, is first in the market in terms of active agents and stands second in terms of total number of wallets opened and transactions processed. Customers who do not have a smart phone can transfer money and withdraw money from ATMs using the secure messaging service USSD. Moreover, users can open two electronic wallets, provided that each one is linked to a different phone number as the e-wallet number is the same as the mobile number. 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. Statistics have shown that Jordanians are often highly educated and are well connected with the world. Nevertheless, as is the case in other parts of MEA too, may have had to immigrate to seek better opportunities, as estimations suggest10 per cent of its citizens are abroad. As of January 2019, the total number of Syrian refugees in Jordan stands at over 671,000. The majority of refugees (85%) live below the poverty line; nearly three quarters (73%) receive cash assistance; 40% rely exclusively on aid. According to a study conducted by GIZ and CGAP, financial inclusion of refugees is nearly nonexistent, while mobile phone penetration is widespread (85% SIM card penetration).

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To improve its wider economic development, the Kingdom came up with Jordan 2025: A national vision and strategy. Through the assessment of sectoral challenges identified, the strategy provides initiatives amongst other things that will help the country accelerate its economic growth and development by 2025. Country profile of Jordan in the Fintech Times Fintech: Middle East and Africa 2021 Report by Richie Santosdiaz and The Fintech Times: SOURCE: The Fintech Times Partnerships are also happening between banks and fintechs. For example, Arab Bank has two initiatives that are focused on fintech collaboration, AB iHub and AB Accelerator. AB iHub builds rapid prototypes and uses fintech ecosystem collaborations and bootcamps to work directly with fintechs and individuals in the ecosystem. The AB Accelerator programme focuses on the adoption of emerging fintech technologies into Arab Bank’s infrastructure and network – as highlighted in a report by KPMG.

Telecom Services

The demand for e-wallets has increased significantly with the rise of the emerging Coronavirus crisis, especially that the quarantine encouraged companies to adopt e-wallets as means to pay salaries and obtain financial support from the Jordanian government. This high demand brought up the number of e-wallets activated during March and April to 443,095 wallets. This feature is still under development as ATM withdrawals are limited to Jordan Kuwait Bank and Cairo Amman Bank regardless if the user has a bank account, note that the withdrawal commission varies according to the service provider. Select your desired Electronic Voucher from the list or you can filter to easily find the desired Electronic Vouchers then press next