Latest news with #CliQ
Zawya
14-05-2025
- Business
- Zawya
Jordan: CliQ transactions dip, eFAWATEERcom sees 'strong' growth in April
AMMAN — The value of e-payment transactions through the CliQ system fell to JD1.48 billion in April, down by 5.1 per cent from JD1.56 billion in March, according to data issued on Tuesday by the Jordan Payments and Clearing Company (JoPACC). Figures cited by Al Mamlaka TV showed that around 11.52 million transactions were processed through CliQ in April, down 4.9 per cent from 12.11 million transactions in March. The total number of transactions through CliQ reached 43.85 million in the January-April period of 2025, with a cumulative value of JD5.6 billion. The user base continued to grow, with the number of CliQ users rising to 1.81 million in April, marking an increase of 2 per cent over the previous month. According to the data, 96.2 per cent of users are Jordanians with a total of 1.7 million, while non-Jordanian users make up 3.8 per cent with a total of 68,300. The majority of users are 62.1 per cent for men, compared with 37.9 per cent for women, and the most active demographic group is young people aged between 18 and 30. In terms of transaction types, money transfers accounted for 84.9 per cent of all the CliQ transactions, while purchases accounted for 15.1 per cent. CliQ is Jordan's newest instant payment system, launched by the JoPACC in 2020. It enables real-time money transfers between bank accounts in all participating banks and financial institutions in the Kingdom. Meanwhile, the e-payment system eFAWATEERcom recorded a 'significant' increase in the number and value of transactions in April 2025, according to the monthly report issued by the JoPACC. The number of transactions processed through the system reached 6.54 million in April, recording an increase of 18.9 per cent, compared with March that saw the total value of these transactions rising to JD1.57 billion, recording an increase of 38.2 per cent from JD1.13 billion in the previous month. From the beginning of the year to April, eFAWATEERcom processed 23.62 million transactions with a total value of JD5.24 billion. The report revealed that the platform had 4.68 million users in April, up from 4.65 million in March and 4.62 million in February, showing an increase of 0.7 per cent. Of the total users, 34,200 were new in April. The number of transactions increased from 5.5 million in March to 6.54 million in April according to the report. The report added that the highest activity came from the telecommunications sector with 2.215 million transactions, followed by water and electricity, government services, e-wallet and payment service providers, financial services, education, transport and travel, unions and organisations, trade and services, and gas and energy. Digital payments accounted for 5.38 million transactions in April, representing 82 per cent, while 1.16 million were cash payments at 17.7 per cent. © Copyright The Jordan Times. All rights reserved. Provided by SyndiGate Media Inc. (
Jordan Times
13-05-2025
- Business
- Jordan Times
CliQ transactions dip, eFAWATEERcom sees 'strong' growth in April
The Jordan Payments and Clearing Company says that the value of e-payment transactions through the CliQ system fell to JD1.48 billion in April, down by 5.1 per cent from JD1.56 billion in March (File photo) AMMAN — The value of e-payment transactions through the CliQ system fell to JD1.48 billion in April, down by 5.1 per cent from JD1.56 billion in March, according to data issued on Tuesday by the Jordan Payments and Clearing Company (JoPACC). Figures cited by Al Mamlaka TV showed that around 11.52 million transactions were processed through CliQ in April, down 4.9 per cent from 12.11 million transactions in March. The total number of transactions through CliQ reached 43.85 million in the January-April period of 2025, with a cumulative value of JD5.6 billion. The user base continued to grow, with the number of CliQ users rising to 1.81 million in April, marking an increase of 2 per cent over the previous month. According to the data, 96.2 per cent of users are Jordanians with a total of 1.7 million, while non-Jordanian users make up 3.8 per cent with a total of 68,300. The majority of users are 62.1 per cent for men, compared with 37.9 per cent for women, and the most active demographic group is young people aged between 18 and 30. In terms of transaction types, money transfers accounted for 84.9 per cent of all the CliQ transactions, while purchases accounted for 15.1 per cent. CliQ is Jordan's newest instant payment system, launched by the JoPACC in 2020. It enables real-time money transfers between bank accounts in all participating banks and financial institutions in the Kingdom. Meanwhile, the e-payment system eFAWATEERcom recorded a 'significant' increase in the number and value of transactions in April 2025, according to the monthly report issued by the JoPACC. The number of transactions processed through the system reached 6.54 million in April, recording an increase of 18.9 per cent, compared with March that saw the total value of these transactions rising to JD1.57 billion, recording an increase of 38.2 per cent from JD1.13 billion in the previous month. From the beginning of the year to April, eFAWATEERcom processed 23.62 million transactions with a total value of JD5.24 billion. The report revealed that the platform had 4.68 million users in April, up from 4.65 million in March and 4.62 million in February, showing an increase of 0.7 per cent. Of the total users, 34,200 were new in April. The number of transactions increased from 5.5 million in March to 6.54 million in April according to the report. The report added that the highest activity came from the telecommunications sector with 2.215 million transactions, followed by water and electricity, government services, e-wallet and payment service providers, financial services, education, transport and travel, unions and organisations, trade and services, and gas and energy. Digital payments accounted for 5.38 million transactions in April, representing 82 per cent, while 1.16 million were cash payments at 17.7 per cent.
Ammon
07-05-2025
- Business
- Ammon
Building a Resilient Jordanian Economy: Progress and Priorities
Raad Mahmoud Al-Tal In a rapidly changing global landscape, building a resilient and sustainable economy has become a national priority for Jordan. The first quarter of 2025 has brought encouraging signs across several key sectors, reflecting a broader effort to put the economy on a stronger and more stable foundation. While the public understandably looks for faster improvements in daily life, such as better jobs and stable prices, economic resilience is a long-term project that requires patience, discipline, and clear direction. The latest government performance report highlights progress in multiple areas -mining, logistics, finance, and technology- that together form the backbone of a future ready economy. These aren't just sectoral achievements; they are part of a bigger picture of economic transformation grounded in local strengths and global trends. In mining, Jordan is taking serious steps to better utilize its natural resources. Early-stage work to extract phosphate in the Risha region and explore gold and copper reserves in Abu Khushaibeh reflects a strategic focus on self-reliance and added value. If managed well, these efforts can bring in new revenues, create local jobs, and reduce external vulnerabilities. The logistics sector is also improving. Infrastructure projects like the Bus Rapid Transit line between Salt and Amman and smart traffic forecasting systems are helping modernize transportation and ease urban congestion. These upgrades support trade, reduce operational costs, and make Jordan a more attractive hub for business. Financial developments are equally important. Total bank deposits reaching JD 47.3 billion suggest growing public trust in the financial system. Meanwhile, the rapid spread of digital payment tools such as "CliQ" shows how quickly the economy is adapting to modern tools. These trends expand access to finance for individuals and small businesses, enabling wider participation in economic growth. Digital transformation is another driver. With over 1,500 digital government services and 1.6 million digital IDs in use, the public sector is becoming more efficient and accessible. In parallel, partnerships with international tech companies are creating new opportunities for digital investment and innovation. These developments suggest a growing ability to respond to shocks, adapt to change, and lay the groundwork for sustainable development. Still, challenges remain—from global economic pressures to local structural issues. That's why reform must be continuous, and progress must be measured not just by numbers, but by its real impact on people's lives. The first quarter of 2025 shows that Jordan is moving in the right direction. What matters now is maintaining the momentum, ensuring effective coordination between government and the private sector, and keeping the focus on inclusive growth. Building a resilient economy is not a short race—it's a long journey that requires staying the course.
Ammon
30-04-2025
- Business
- Ammon
Total deposits in Jordanian banks reach JD47.3 million
Ammon News - The Kingdom's financial ecosystem demonstrated significant liquidity depth and transactional robustness through February 2025, with key performance indicators reflecting sustained momentum across banking operations and capital markets, according to the Economic Modernization Vision quarterly performance banking deposits appreciated to JD 47.31 billion by February's close, while domestic liquidity reserves maintained a robust position at JD 45.88 billion. The credit portfolio expansion remained bullish with total facilities extended by financial institutions reaching JD 35.20 billion, signaling positive credit appetite in the payment infrastructure exhibited exponential transaction velocity, with the "CliQ" instant settlement platform recording 51.92 million transactions representing JD 5.61 billion in processed acquisition metrics for the platform reached 3.56 million registered accounts. Concurrently, the "eFAWATEERcom" electronic invoicing ecosystem facilitated 17.09 million transaction events with an aggregate value of JD 3.67 the equities space, the Amman Stock Exchange (ASE) demonstrated substantial foreign investor participation, with non-Jordanian stakeholders accounting for 47.6% of total market capitalization. The exchange maintains 161 listed entities with cumulative market valuation of JD 19.32 billion. Trading turnover reached JD 365 million across 125,151 executed contracts, with share volume totaling approximately 195.91 million the regulatory front, authorities have advanced draft provisions for securities lending and borrowing mechanisms, short position protocols, and market-making frameworks, contingent upon ratification of the amended Financial Services Licensing regime. Technical infrastructure upgrades have been implemented for the electronic trading architecture, enhancing system capacity and execution insurance sector has progressed toward enhanced prudential oversight with preliminary regulatory frameworks for the Consumer Protection Fund and implementation of phase two risk-based supervisory protocols for the Financial Inclusion Strategy 2023-2028, regulatory authorities have executed targeted initiatives to enhance female demographic penetration in financial services access, while capacity building efforts in the non-banking financial sector have delivered 118 professional development modules to 1,794 industry practitioners. Petra
Zawya
14-03-2025
- Business
- Zawya
Jordan: $3.6bln in money transfers via 'CliQ' in first 2 months of 2025
AMMAN: The number of transactions executed through the instant payment system (CliQ) from the beginning of the year up until the end of February reached 20.22 million transactions, with a total value of JD2.61 billion, according to data from the Jordan Payment and Clearing Systems Company (JoPACC). The value of electronic payment transactions via CliQ decreased to JD1.28 billion during February, a drop of 4.3 per cent compared to January, where the value stood at JD1.33 billion. Data reviewed by Al-Mamlaka TV revealed that 9.9 million transactions were executed in February, marking a 4 per cent decrease compared to 10.32 million transactions in January. As for the user base, the number of CliQ users in Jordan rose to 1.74 million, an increase of 2 per cent in February alone. According to the statistics, 96.3 per cent of platform users are of Jordanian nationality, with Jordanians comprising 1.6 million users, while users from other nationalities totalled 65,000, making up 3.7 per cent. The data also revealed that the largest proportion of CliQ users in Jordan are males, accounting for 62.2 per cent, compared to nearly 35 per cent of female users, with the age group of 18 to 30 being the most active and frequent users of the service. In terms of the nature of transactions, money transfers made up 85.3 per cent of the total transactions carried out via CliQ, while purchases via CliQ accounted for 14.7 per cent. CliQ is the latest instant payment system in Jordan, launched by JoPACC in 2020. The system enables the sending and receiving of money between bank accounts in all participating banks, as well as to and from e-wallets in Jordan, in real-time. These results reflect "significant" progress in the e-payment sector in Jordan, reinforcing the position of digital services as a secure and effective alternative to traditional transactions, and confirming the shift towards an advanced digital economy that keeps pace with global technological developments. The total number of transactions executed through the CliQ instant payment system last year amounted to 83.9 million transactions, with a value of JD12.1 billion. © Copyright The Jordan Times. All rights reserved. Provided by SyndiGate Media Inc. (
