Mastercard Reinforces its Commitment to Advancing Jordan's Digital Payments Ecosystem

AMMAN, Jordan - Dec. 2, 2018 - PRLog -- Amman, Jordan – (December 2018): Showcasing its innovative contributions to advancing Jordan's emerging cashless economy, Mastercard, a leading technology company in the global payments industry, recently participated in the Network International Payments Conference 2018, a key industry event that brings together experts and thought leaders from the financial services sector to exchange knowledge and explore opportunities for future growth.

The conference explored the latest trends in retail banking and the future of the digital payments industry. Mastercard's delegation highlighted the impact of the company's technologies on the growth of the payments ecosystem in the Kingdom. Mastercard also stressed the importance of close cooperation with partners to modernize the country's digital payments infrastructure and bring greater efficiency and security to consumers.

Somu Roy, General Manager, Lebanon and Jordan, Mastercard, commented, "Home to a young, tech-savvy population eager to embrace the latest technologies and supported by a mobile penetration rate exceeding 100%, Jordan is at the forefront of the digital transformation thanks to its plan to digitize its economy. Mastercard remains committed to introducing safe, smart and convenient payment technologies that are designed to answer the evolving needs of consumers while also accelerating the Kingdom's transformation to a cashless society."

Mastercard established its Levant Headquarters in Amman in 2017, further strengthening its presence in the country it has served for more than a quarter of a century. Earlier this year, H.E. Ziad Fariz, Governor of the Central Bank of Jordan, met with Mastercard representatives to discuss partnership opportunities aimed at enhancing the country's digital payments ecosystem and increasing the adoption of cashless solutions.

Last year, the company inked a long-term strategic partnership with the Bank of Jordan, one of the largest banks in the Kingdom. The agreement saw the bank issue Mastercard payment solutions, including debit and credit cards, to its customers. Mastercard has also teamed up with leading mobile telecommunications operator Zain to provide secure and convenient e-payment solutions for subscribers via its Zain Cash service.