Mobiles to be used to pay bills as of March in Jordan

The Central Bank of Jordan (CBJ) is to launch a project allowing Jordanians pay for groceries, coffee and tax fares with their mobiles as of March.

The Central Bank of Jordan (CBJ) is to launch a project allowing Jordanians pay for groceries, coffee and tax fares with their mobiles as of March.

 

Under the Jordan Mobile Payment Project, both Jordanians and foreigners living in the kingdom will have the chance of opening an e-wallet at any of the country’s telecom operators, Middle East Payment Services, Emerging Markets Payments or their agents’ centres and banks.

 

Mama Bahou, executive manager of the payment services department at the CBJ, told the media: "Those with e-wallets can use their mobiles to make money transfers to other e-wallet users in Jordan."

 

Bahou added "Those with e-wallets can also withdraw any amount of money from any ATM in Jordan by scanning their mobile on the screen of the ATM.

 

"They can also pay their bills by transferring the required amount from their e-wallet to the e-wallet of a shop, taxi driver or restaurant."

 

75% of Jordanian adult population does not have bank account, and consequently use cash to settle their bills and purchase items and commodities.

 

Mobile penetration, on the other hand, reached 155% by the end of September 2013, with 10.227m subscriptions, according to official figures.

 

This makes it the ideal platform from which to launch this project promoting financial inclusion in the country.

 

According to Bahou, the CBJ will monitor all transactions conducted via mobile phones to ensure security for users and at a later stage users of the service will be able to make international transfers

 

 

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