20 April 2018
visit www.ebaday.com

Jordan launches national electronic billing and payment system

13 May 2014  |  5553 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."

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

South African banks roll out nationwide e-billing and payment service

South African banks roll out nationwide e-billing and payment service

14 January 2014  |  3750 views  |  1 comments | 3 tweets | 5 linkedin
VocaLink buys out Fiserv to take control of EBPP joint venture OneVu

VocaLink buys out Fiserv to take control of EBPP joint venture OneVu

25 January 2010  |  10498 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
Visit www.abe-eba.euhttps://www.capgemini.comVisit http://wup.digital

Who is commenting?

Top topics

Most viewed Most shared
Revolut launches spare change savings toolRevolut launches spare change savings tool
9543 views comments | 14 tweets | 19 linkedin
TransferWise becomes first non-bank to open settlement account with BofE RTGSTransferWise becomes first non-bank to ope...
8597 views comments | 17 tweets | 31 linkedin
Barclays Bank sets up tech venture unitBarclays Bank sets up tech venture unit
8317 views comments | 16 tweets | 22 linkedin
Top tier banks pass first transactions on trade finance blockchainTop tier banks pass first transactions on...
7971 views comments | 18 tweets | 23 linkedin

Featured job

(GBP Equivalent) Six-Figure Base + OTE + Benefits
New York City, NY - USA

Find your next job