In a significant move to advance financial inclusion across the Kingdom, Orange Jordan has introduced a new innovative service through its Orange Money platform called “Tahweesheh.” The feature is designed to promote a robust savings culture by providing users with a simple and secure tool for managing their personal financial goals.
A Digital Approach to Personal Savings
“Tahweesheh” functions as a digital sub-account within the Orange Money app, allowing customers to easily set aside funds without incurring any interest or fees. The service empowers users to plan for their financial objectives more effectively by creating distinct savings pots for various goals, such as a summer trip, school supplies, or emergency funds.
Users can manage multiple goals simultaneously by opening several sub-accounts and can easily track their progress through detailed account statements. Although officially announced recently, the service has been available to all Orange Money users since the second half of last year.
Driving Financial Inclusion
The launch of “Tahweesheh” underscores Orange Jordan’s commitment to the national financial inclusion strategy led by the Central Bank of Jordan. The initiative particularly focuses on empowering women and enhancing their economic participation by providing accessible financial management tools.
The Chairman of Orange Money, Eng. Philippe Mansour, emphasized that the “Tahweesheh” account represents a significant new step in Orange Money Jordan’s journey. He noted that the service reflects the company’s commitment as a trusted partner in advancing financial inclusion, with a focus on empowering women and enhancing their economic participation.
About Orange Money
Launched in the first quarter of 2020, Orange Money is a comprehensive financial platform owned by Orange Jordan that enables individuals and businesses to conduct financial transactions securely and efficiently. The e-wallet is the largest electronic payment service provider (PSP) in the Kingdom, ranking first in the number of open wallets with over 1.4 million users and a market share exceeding 50%. It also records the highest number and value of financial transactions performed through “Cliq,” Jordan’s instant payment system.
Source: Zawya
