eFAWATEERcom - Electronic Bill Presentment and Payment System

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eFAWATEERcom - Electronic Bill Presentment and Payment System 

 

Electronic Bill Presentment and Payment System

The electronic bill presentment and payment system (eFAWATEERcom) was launched on the 29th of June 2014 as an effective central and integral system that aims at providing the service of presentment and payment of bills, along with other services electronically for people through banks, Payment Service Providers (PSPs) and parties that require payments (billers).

The system aims at facilitating and accelerating the bill payments process through different payment channels in the kingdom (bank’s branches, ATMs, mobile banking, internet banking, mobile wallets (JoMoPay), Jordan post offices, kiosks and others). It also aims at transferring from a paper-based society to a digital one, which would reduce expenses among other societal and economic benefits. This system is considered to be one of the most advanced systems that achieved positive progress in the field of retail payments.

To achieve “eFAWATEERcom” objectives, the Central Bank of Jordan has adopted the policy of “Outsourcing” through authorizing “Madfooatcom For Electronic Payment” – a Jordanian company, to build, administer, and operate the system on behalf of the Central Bank while the Central Bank plays the overseer and supervisory role on the system and establish the operational bases for it.

To check the billers’ list click here.

To read more click here or here.