AFAQ NEWS
The Central Bank of Jordan (CBJ) on Monday signed a grant agreement with the Middle East Payment Services company (MEPS) to fund the digitization of payments for the Military Consumer Establishment.
The agreement was co-inked by Deputy Governor of the CBJ, Maher “Sheikh Hasan” and Ali Abduljabar, the CEO of MPES, in the presence of the guest of honor Assistant Chief of the Jordanian Armed Forces, Brig. Gen. Salman Nei’mat.
The agreement aims to digitize payments for all the beneficiaries of the Military Consumer Establishment and army personnel and retired beneficiaries (estimated at 300,000-500,000) using digital wallets, and will distribute smart POS machines, QR enabled, on all MCE branches in the Kingdom to support digital payments. MEPs will implement the project.
Assistant Chief of the Jordanian Armed Forces, Brig. Gen. Salman Nei’mat commended the partnership and emphasized JAF’s role in supporting digitization and development efforts in the Kingdom.
Also, the CBJ signed another fund agreement with the World Food Program (WFP) and MEPS to develop a digital platform to digitize payments of the WFP beneficiaries, Jordanians and refugees, and enable digital payments at the WFP merchant network through digital wallets for beneficiaries.
Deputy Governor of the CBJ Maher “Sheikh Hasan” said that the financing these projects is based on the mandate of the bank in supporting economic growth and enhancing financial inclusion in the Kingdom, including digital financial inclusion and digitization of payments through the Mobile Money for Resilience (MM4R) Initiative.
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