Electronic Bill Presentment and Payment System
Launch Date: June 2014
System Participants: Billing entities of all types
Key Service: Instant payment for bills and services
The electronic bill presentment and payment system (eFAWATEERcom) was launched on the 29th of June 2014 as an effective central and integral system that provides 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 payment process through different payment channels (bank branches, ATMs, mobile banking, internet banking, mobile wallets (JoMoPay), Jordan post offices, kiosks, and others). It also aims at transforming society 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. JoPACC owns the systems and the Central Bank plays the oversight and supervision role on the system.
To check the billers’ list click here.
To read more click here.