Emerging Markets Payments (EMP) and Madfoo3atCom for Electronic Payments (MFEP) have launched ‘eFawateerCom’ in Jordan, a service that allows people to receive and pay bills electronically.
Jordanians are now able to manage their bills from their computers, ATMs, kiosks and POS terminals, which helps reducing the need to send paper statements and invoices.
The service, conceived by the Central Bank of Jordan (CBJ), is one of the initiatives undertaken aiming at promoting a more efficient economy. The government will utilise the platform to manage payments, such as licenses, customs duties and taxes.
Maha Bahou, executive manager of the Payment Systems department at CBJ, said:
"The collaboration between EMP and MFEP is very significant as they bring a world-class electronic bill presentment and payment system which has been integrated with EMP’s extensive payments network in Jordan to create a seamless experience for our citizens."
Large Jordanian billers such as the electricity and water utilities are expected to join eFawateerCom over the next year.
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Paul Edwards, executive chairman of EMP, explained: "We serve over 135 banks and 30,000 merchants across Africa and the Middle East.
I believe this new platform will have a profound effect on the Jordanian businesses and citizens by increasing efficiency and reducing the cost of making a payment, in terms of time as well as money.
Jordan has the clear potential to become a leader in electronic payments in the region."
In December 2013, the two companies had won a tender to build, operate and administrate the Electronic Bill Presentment and Payment System for Jordan, under the auspices of the CBJ.