Jordan Kuwait Bank (JKB) has partnered with Mastercard and UAE-based technology company FOO to launch a multicurrency prepaid digital wallet.
eliWallet offers both physical and virtual cards for online and in-store payments.
JKB said that eliWallet will additionally allow its customers to transfer money across borders in a “secure and seamless” payment experience.
FOO has been responsible for setting up the platforms interface as well as developing, customising and testing eliWallet. It has also been tasked with integrating eliWallet with all third parties.
“At Mastercard, we are committed to reshaping the payment landscape and advancing financial inclusion in the region,” said Cynthia El Khoury, country manager, Levant & Iraq at Mastercard. “Through our partnership with JKB and FOO, the launch of eliWallet introduces customers to a robust, digital-first payment solution that significantly enhances their financial freedom.”
Latest News
-
Citi to roll out ‘mandatory AI prompt training’ across workforce
-
BBVA launches in-app virtual card personalisation feature
-
Ignyte and Binance forge alliance to boost MENA blockchain innovation
-
Deutsche Bank faces London lawsuits from five former bankers over Monte dei Paschi probe
-
PayOS and Mastercard complete agentic payment transaction
-
New research finds over half of UK adults use mobile wallets
Data trust in the AI era: Building customer confidence through responsible banking
In the second episode of FStech’s three-part video podcast series sponsored by HCLTech, Sudip Lahiri, Executive Vice President & Head of Financial Services for Europe & UKI at HCLTech examines the critical relationship between data trust, transparency, and responsible AI implementation in financial services.
Banking's GenAI evolution: Beyond the hype, building the future
In the first episode of a three-part video podcast series sponsored by HCLTech, Sudip Lahiri, Executive Vice President & Head of Financial Services for Europe & UKI at HCLTech explores how financial institutions can navigate the transformative potential of Generative AI while building lasting foundations for innovation.
Beyond compliance: Building unshakeable operational resilience in financial services
In today's rapidly evolving financial landscape, operational resilience has become a critical focus for institutions worldwide. As regulatory requirements grow more complex and cyber threats, particularly ransomware, become increasingly sophisticated, financial services providers must adapt and strengthen their defences. The intersection of compliance, technology, and security presents both challenges and opportunities.
Unleashing generative AI: A force multiplier for financial crime teams
This FStech webinar, sponsored by NICE Actimize sees industry experts examine the revolutionary impact of generative AI on financial crime operations, and provides actionable insights to enhance your compliance strategies.
© 2019 Perspective Publishing Privacy & Cookies
Recent Stories