Search Site

Trends banner

Tesla Q2 sales down 13.5%

Shares rally after the disclosure, better than some forecasts.

TomTom cuts 300 jobs

The firm said it was realigning its organization as it embraces AI.

Aldar nets $953m in sales at Fahid

Aldar said 42 percent of the buyers are under the age of 45.

Qualcomm to Alphawave for $2.4 bn

The deal makes Alphawave the latest tech company to depart London.

Equinor signs $27 bn gas deal

The 10-year contract was signed with Centrica.

Jordan’s online payment system records transactions worth $13.4bn

The acquisition of one million users in a few weeks indicates Jaco might be able to change the rules of the game. (File)
  • Mobile phone payments increased 107 percent in volume with 25 million transactions.
  • Payment and electronic money transfer firms issued around 148,000 credit and prepaid cards.

Online bill payments through National Electronic Payment System in Jordan surged 27 percent in 2021 to JD 9.5 billion ($13.4bn).

It involved 34 million transactions, with 51 percent increase year-on-year, said Governor of Central Bank of Jordan (CBJ) Adel Sharkas.

He noted mobile phone payments soared 107 percent in volume with 25 million transactions, while its value grew 117 percent from 2020 to JD2 bn in 2022.

CBJ’s 2021 report on Jordan’s payment system said paper payment instruments such as checks, numbered 10 million, with a value of around JD49 billion.

Local banks issued about 4.5 million various types of cards (credit, debit, prepaid).

Also, payment and electronic money transfer companies issued around 148,000 credit and prepaid cards.

Sharkas said the number of ATMs in the Kingdom reached 2,195, while the number of POS terminals reached 44,314.

The use of electronic channels such as ATMs, the Internet, and mobile phones increased significantly over the past year.

This covered 67 percent of all payment transactions against 33 percent made over the counter, Sharkas noted.