orange-money-jordan-post-sign-agreement

Orange Money and Jordan Post Sign Agreement to Promote Digital Financial Services

16 Apr 2024

Petra Mobile Payment Service Company (Orange Money) and the Jordan Post Company joined their efforts 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 was signed by the Chairman of the Board of Directors, Eng. Sami Smeirat on behalf of Petra Mobile Payment Service Company, and the Jordan Post Company’s Acting Director General, Hanadi Al-Tayeb, in the presence of the Chairman of the Board of Directors of the Jordan Post Company, Sami Kamel Al-Daoud, the General Manager of Orange Money, Eng. Hiba Al-Shareef, and the Executive Director Wilfried Yver.

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. 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.

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.

Following the signing of the agreement, Eng. Sami Smeirat pointed out that the ever-evolving financial sector that is coupled by the great leap forward that the sector adopted put an increasing responsibility on the shoulders of the national institutions to build on these achievements. All this is being done while keeping pace with the latest developments in the global scene, stressing the importance of partnerships with esteemed organizations such as the Jordan Post to ensure that this vision is put into practice.

From her side, Hanadi Al-Tayeb asserted that this step is consistent with the Jordan Post's endeavors to modernize its services provided to customers, especially the financial ones in light of the Company’s recent announcement about offering services related to the Postal Saving Fund including opening accounts, and making withdrawals and deposits easily and quickly.

Al-Tayeb further added that collaborating with Orange Jordan through Orange Money supports the initiatives of the Jordan Post, which fall under the financial inclusion national vision.

It is worth mentioning that 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.

 

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