Summary of Jordan Kuwait Bank’s Launch of eliWallet
- Entities Involved:
- Jordan Kuwait Bank (JKB)
- Mastercard
- FOO (UAE-based fintech)
- Product Launched:
- eliWallet: A prepaid digital wallet offering both virtual and physical cards for multicurrency transactions.
- Features and Benefits:
- Multicurrency Transactions: Supports online and in-store payments.
- Money Transfers: Enables swift cross-border money transfers.
- Secure and Seamless Experience: Utilizes advanced technology for secure transactions.
- Mastercard Partnership: Leverages Mastercard’s extensive network and digital payment expertise for global acceptance.
- FOO’s Role:
- Development and Deployment: Oversees the development, customization, and deployment of eliWallet.
- Testing and Integration: Manages testing and integration with third parties.
- Statements:
- Suhail Al-Salman (Head of Retail Business, JKB): Emphasizes eliWallet as a significant step towards financial empowerment with features designed to ease users’ lives.
- Ghady Rayess (Managing Partner, FOO): Highlights that eliWallet will simplify and streamline the payment process to meet modern demands.
