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Jordan’s leading banking provider, Jordan Kuwait Bank (JKB), is partnering with payments giant Mastercard and B2B SAAS solution provider FOO to launch a new prepaid multicurrency wallet, eliWallet.
Developed by JKB, eliWallet offers both virtual and physical cards for multicurrency transactions. It also offers a timely method of payment for customers, enabling them to carry out transactions more easily, whether in-store, using the app, or shopping online.
The new prepaid wallet offering looks to enable fast money transfers across borders, leveraging technology from Mastercard and FOO to ensure a secure payment experience. Mastercard’s extensive network and expertise in digital payments ensure that customers can confidently use eliWallet wherever Mastercard is accepted, both online and offline.
“At Mastercard, we are committed to reshaping the payment landscape and advancing financial inclusion in the region,” explained Cynthia El Khoury, country manager, Levant and Iraq at Mastercard. “Through our partnership with JKB and FOO, the launch of eliWallet introduces customers to a robust, digital-first payment solution that significantly enhances their financial freedom.”
Streamlining payment processes
Via the partnership, FOO has helped to shape the platform’s user-friendly interface to ensure a positive customer experience. As an end-to-end solution enabler, FOO is responsible for the development, customisation, testing, and deployment of eliWallet. It also manages the wallet’s integrations with all third parties.
“FOO is thrilled to collaborate with Jordan Kuwait Bank and Mastercard on this exciting project,” said Ghady Rayess, managing partner at FOO. “Consumers worldwide have elevated their expectations, demanding seamless experiences across every touchpoint in their daily lives. In response to this, eliWallet will redefine how customers interact with their finances, simplifying and streamlining the payment process to meet the demands of the modern world.”
With eliWallet, JKB is empowering its customers with the tools they need to take charge of their financial independence and embark on new business ventures confidently. Ultimately, it hopes to enable individuals to embrace digital empowerment and financial responsibility.
Suhail Al-Salman, head of retail business at Jordan Kuwait Bank, also said: “At Jordan Kuwait Bank, we are committed to revolutionising the way our customers manage their finances and make transactions. With eliWallet, we are taking a giant leap forward into the future of financial empowerment, providing our users with an array of features and services designed to make their lives easier.”
