21 February 2017
Visit dh.com

Jordan launches national electronic billing and payment system

13 May 2014  |  5175 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  |  3203 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  |  9623 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit BNP paribasVisit contisgroup.comVisit capgemini.com

Top topics

Most viewed Most shared
IBM and Visa join forces to turn billions of connected devices into points of saleIBM and Visa join forces to turn billions...
17594 views 11 comments | 54 tweets | 88 linkedin
Nesta launches £5 million Open API challengeNesta launches £5 million Open API ch...
10379 views comments | 21 tweets | 19 linkedin
Jaguar embeds payments into digital dashboardJaguar embeds payments into digital dashbo...
10374 views comments | 49 tweets | 58 linkedin
The fintech effect: Banks buy in to benefits of boosting financial well-beingThe fintech effect: Banks buy in to benefi...
9288 views comments | 17 tweets | 12 linkedin
Kevin the bot uses blockchain to offer insurance for P2P transactionsKevin the bot uses blockchain to offer ins...
8421 views comments | 17 tweets | 14 linkedin

Featured job

Six Figure Base + Commission + Stock Options
London

Find your next job