Central Bank of Jordan partners startup Madfoo3atCom to offer online billing service

The Central Bank of Jordan is to partner with Oasis 500 backed company Madfoo3atCom to offer an electronic payment service to customers.

The Central Bank of Jordan is to partner with Oasis 500 backed company Madfoo3atCom to offer an electronic payment service to customers.

eFAWATEERcom (meaning "your e-bills") software, developed by Madfoo3atCom, will be available to all banks in Jordan, allowing citizens who sign up to pay personal and government bills through mobile, ATM and online.

It will launch by late March or early April and initially will cover electricity and telephone bills. With water, education, healthcare, travel and tourism, e-Commerce and insurance bills government fines and property taxes to follow.

"I expect water bills to be covered by the programme in a very short time after the soft launch," said Nasser Saleh, CEO and founder of Madfoo3atCom

Although bills will be free of fees, an additional disbursement may apply for government payments such as taxes.

Maha Bahou, executive manager of the payment systems department at CBJ said "I expect the service to improve the collection of revenues for utilities, and private sector and government agencies.

"People will not have to go through the hassle of queuing or carrying cash. They can settle all bills anywhere"