Amman, Jordan – Dinarak, a leading digital payment services provider in Jordan, is set to significantly expand its reach and impact through a landmark partnership with Mastercard. This strategic collaboration is poised to accelerate financial inclusion and drive the adoption of digital payments across the Kingdom, reinforcing Dinarak’s commitment to empowering individuals and businesses with accessible and secure financial solutions.
Dinarak’s Vision for a Digitally Empowered Jordan
Dinarak’s partnership with Mastercard is a pivotal step in its mission to revolutionize Jordan’s financial landscape. By leveraging Mastercard’s global expertise and secure payment technologies, Dinarak aims to deepen the penetration of digital payments, particularly among the unbanked and underbanked populations. This alliance will enable Dinarak to introduce new, innovative solutions that streamline transactions and integrate more Jordanians into the formal economy, aligning with the Kingdom’s national digital transformation agenda.
Empowering Customers with Seamless Solutions
Through this collaboration, Dinarak is set to enhance its product offerings, providing users with a comprehensive suite of digital payment tools. Key initiatives include the launch of Mastercard-branded prepaid cards, which will enable Dinarak wallet holders to make purchases at millions of physical points-of-sale globally, engage in secure e-commerce transactions, and conveniently pay bills. This expansion of services underscores Dinarak’s dedication to providing flexible, secure, and user-friendly financial instruments that cater to the evolving needs of its diverse customer base.
Strategic Alignment for National Growth
The partnership between Dinarak and Mastercard directly supports Jordan’s ambitious national strategies, including Jordan Vision 2025 and the National Financial Inclusion Strategy. With approximately 70% of the adult population in Jordan currently unbanked, the need for robust digital payment solutions is critical. Dinarak’s proactive approach, combined with Mastercard’s technological prowess, will play a crucial role in closing this financial gap, fostering economic growth, and contributing to the formalization of the economy. This alliance is a testament to the shared vision of both entities to create a more inclusive and digitally advanced society in Jordan.
By the Numbers
- 70% of the adult population in Jordan is currently unbanked.
- This partnership supports Jordan’s national goal of achieving 65% financial inclusion by 2023.
About Dinarak
Dinarak is a pioneering Jordanian digital payment services provider, licensed by the Central Bank of Jordan. Committed to fostering financial inclusion, Dinarak offers a secure and convenient mobile wallet that enables users to manage their finances, make payments, and conduct various transactions digitally. Dinarak plays a vital role in Jordan’s digital economy, providing accessible financial services to individuals and businesses across the Kingdom and working towards a cashless society.
Looking Ahead
As Dinarak continues to innovate and expand its offerings, the partnership with Mastercard is expected to serve as a catalyst for further growth in Jordan’s digital payment ecosystem. This collaboration paves the way for new opportunities to integrate cutting-edge payment technologies, enhance financial literacy, and ultimately empower more Jordanians to participate fully in the digital economy. Dinarak remains dedicated to its vision of a financially inclusive Jordan, driven by secure, efficient, and accessible digital payment solutions.
Source: MEATechWatch
