29 July 2014

Jordan launches national electronic billing and payment system

13 May 2014  |  3643 views  |  0 tablet computer 1

Jordan has introduced a platform that lets people receive and pay their bills electronically from computers, ATMs and POS terminals.

The eFawateerCom electronic bill presentment and payment system officially launched this month following a pilot involving three local banks and three billers.

Overseen by the Central Bank of Jordan (CBJ), it has been built and will be operated by Emerging Markets Payments and Madfoo3atCom.

Most large Jordanian billers are expected to join eFawateerCom over the next year or so, while the government will also use the platform to manage things like customs duties and taxes.

The central bank hopes that the move to electronic billing will cut the country's reliance on paper statement and invoices and help create a more efficient economy.

Maha Bahou, executive manager, payment systems and domestic banking operations department, CBJ, says: "We at the Central Bank believe that this system will become a great example to other countries that also wish to accelerate electronic payments in their economies."

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