Mastercard has inked a long-term deal with the Bank of Jordan
Aimed at promoting electronic payments as a viable and cost-effective alternative to cash, the partnership will see Bank of Jordan issue Mastercard payment solutions, including debit and credit cards, to its customers across the Kingdom, bringing them greater payment security and convenience.
The signing of the agreement comes at a significant juncture for Mastercard, as the move coincides with the opening of the company’s first office in Amman as part of efforts to strengthen its relationships with local partners and industry stakeholders in Jordan.
Mastercard has been collaborating with a broad network of partners to develop a robust electronic payment ecosystem that supports Jordan’s cashless ambitions, and the determination shown by Bank of Jordan, who is an influential player in the domestic banking industry, to speed the adoption of electronic payments will help bring more of the country’s citizens into the formal financial system.
The Bank of Jordan says it is aimed at upgrading the bank’s electronic payment system and providing advanced banking solutions to customers, thus enhancing the level of ease and security of their banking transactions.