Jordan Post Company (JPC) and Money for Finance signed an agreement Saturday to cooperate in expanding the base of postal services through offering financial services to individuals. JPC Board Chairman Sami Al Dawood said the agreement was in line with the national financial inclusion strategy the Central Bank launched in September 2016, which underscored the citizens’ right to access financial services. JPC has a strategy to benefit from the advancement in digital transformation to develop its services, as modern methods have been introduced to offer electronic postal services, it said in a statement, adding that Jordan Post will launch e-commerce projects in coming days, as well as expand financial services through electronic payment by e-wallet. JPC Acting Director Hanadi Al-Tayeb said services provided by Money for Finance currently cover 30 post offices, noting that the JPC, which is fully owned by the government, is implementing a plan to expand the partnership with the private sector. She said the agreement allows for the delivery of financial services to various regions, especially in governorates far from the capital. Money for Finance General Manager Bashar Maayeh said his fintech company provides access to financial support and offers finance to individuals to meet daily and emergency needs, including commercial and Islamic loans.
Source: Jordan News Agency