22 September 2017
visit www.avoka.com

Jordan launches national electronic billing and payment system

13 May 2014  |  5411 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  |  3338 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  |  10093 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.abe-eba.euvisit www.sibos.comvisit www.vasco.com

Top topics

Most viewed Most shared
HSBC switches on selfie payments in ChinaHSBC switches on selfie payments in China
12531 views comments | 26 tweets | 42 linkedin
Equifax hack: Visa and Mastercard flag 200k compromised credit cardsEquifax hack: Visa and Mastercard flag 200...
10970 views comments | 6 tweets | 17 linkedin
Dutch bank sentences teenage DDoS culprit to community serviceDutch bank sentences teenage DDoS culprit...
9545 views comments | 6 tweets | 3 linkedin
Apple P2P payments service nears launchApple P2P payments service nears launch
8180 views comments | 18 tweets | 27 linkedin
UAE banks pool cyber security dataUAE banks pool cyber security data
8128 views comments | 5 tweets | 4 linkedin

Featured job

Competitive base + commission + benefits
Denmark, Finland, Iceland, Norway or Sweden

Find your next job