Latest news with #JoPACC
Jordan Times
16 hours ago
- Business
- Jordan Times
Electronic wallet transfers in Jordan reach JD3.56b in seven months — JoPACC
AMMAN () — The total value of money transfers made through electronic wallets in Jordan reached around JD3.56 billion since the beginning of this year through the end of July, according to the Jordanian Payment and Clearing Systems Company (JoPACC). These transfers were carried out over 51.94 million transactions, according to a statement by JoPACC on Wednesday. In July alone, electronic wallet transfers amounted to around JD588 million, marking a 12.1 per cent increase compared to June's JD525 million. The number of transactions also rose significantly, reaching 9.15 million in July, a 14.6 per cent increase from June's JD7.99 million, JoPACC said. The JoPACC's latest monthly report revealed that the number of electronic wallet users in Jordan stood at 2.63 million by the end of July, representing a "slight" decline of 1.5 per cent from June. Jordanians constitute 87.8 per cent of users, numbering about 2.31 million, while non-Jordanians make up 12.2 per cent, or roughly 320,000 users, it said. The company saidthat that money transfers dominate electronic wallet activity, accounting for 88.8 per cent of all transactions. Purchases represent 7.8 per cent, cash withdrawals 2 per cent, and deposits 1.4 per cent.
Jordan Times
21 hours ago
- Business
- Jordan Times
Electronic wallet transfers in Jordan reach JD3.56 billion in seven months
AMMAN — The total value of money transfers made through electronic wallets in Jordan has reached approximately JD3.56 billion since the beginning of this year through the end of July, according to the Jordanian Payment and Clearing Systems Company (JoPACC). These transfers were carried out over 51.94 million transactions, JoPACC said. In July alone, electronic wallet transfers amounted to around JD588 million, marking a 12.1 per cent increase compared to June's JD525 million. The number of transactions also rose significantly, reaching 9.15 million in July, a 14.6 per cent increase from June's JD7.99 million, JoPACC said. JoPACC's latest monthly report revealed that the number of electronic wallet users in Jordan stood at 2.63 million by the end of July, representing a slight decline of 1.5 per cent from June. Jordanians constitute 87.8 per cent of users, numbering about 2.31 million, while non-Jordanians make up 12.2 per cent, or roughly 320,000 users, it said. The company said that that money transfers dominate electronic wallet activity, accounting for 88.8 per cent of all transactions. Purchases represent 7.8 per cent, cash withdrawals 2 per cent, and deposits 1.4 per cent.
Zawya
21 hours ago
- Business
- Zawya
Jordan: 17,300 bounced cheques worth $153mln recorded in July — JoPACC
AMMAN — The total value of bounced cheques in Jordan fell to JD109 million in July, marking a 3.2 per cent decline compared with JD113 million recorded in June, the Jordan Payment and Clearing Systems Company (JoPACC) said on Tuesday. Data from JoPACC, cited by the public service TV Al Mamlaka, showed that 17,300 cheques were returned last month. Of these, 65.2 per cent were bounced due to insufficient funds, totalling JD76.5 million, while the remaining 34.8 per cent were returned for technical reasons, amounting to JD36.7 million. The number of cheques processed in July also saw a slight decrease of 2.1 per cent, with 551,000 cheques in circulation, compared with 562,000 in June. Despite the drop in returned cheques, the overall value of cheques circulated in the market rose by 9.8 per cent in July, reaching JD3.68 billion, JoPACC said. During the first seven months of 2025, cheques worth a total of JD23.27 billion were circulated in Jordan. The total number of cheques processed in the Kingdom in 2024 stood at 6.51 million, with a combined value of JD40.3 billion. © Copyright The Jordan Times. All rights reserved. Provided by SyndiGate Media Inc. (
Jordan Times
2 days ago
- Business
- Jordan Times
17,300 bounced cheques worth JD109m recorded in July — JoPACC
AMMAN — The total value of bounced cheques in Jordan fell to JD109 million in July, marking a 3.2 per cent decline compared with JD113 million recorded in June, the Jordan Payment and Clearing Systems Company (JoPACC) said on Tuesday. Data from JoPACC, cited by the public service TV Al Mamlaka, showed that 17,300 cheques were returned last month. Of these, 65.2 per cent were bounced due to insufficient funds, totalling JD76.5 million, while the remaining 34.8 per cent were returned for technical reasons, amounting to JD36.7 million. The number of cheques processed in July also saw a slight decrease of 2.1 per cent, with 551,000 cheques in circulation, compared with 562,000 in June. Despite the drop in returned cheques, the overall value of cheques circulated in the market rose by 9.8 per cent in July, reaching JD3.68 billion, JoPACC said. During the first seven months of 2025, cheques worth a total of JD23.27 billion were circulated in Jordan. The total number of cheques processed in the Kingdom in 2024 stood at 6.51 million, with a combined value of JD40.3 billion.
Jordan News
2 days ago
- Business
- Jordan News
10.75 Billion Dinars Processed via 'CliQ' Since the Beginning of the Year - Jordan News
Amman – The value of electronic payment transactions through 'CliQ' reached 1.86 billion dinars in July, marking a 16.3% increase compared to June, when the value stood at 1.6 billion dinars, according to statistics from the Jordan Payment and Clearing Systems Company (JoPACC). اضافة اعلان The data indicates that nearly 15.3 million transactions were recorded last month, up 16.9% from 13.9 million in June. Since the start of this year, the total number of 'CliQ' transactions executed in the past seven months has reached 85.97 million, with a total value of 10.75 billion dinars. Regarding the user base, the number of 'CliQ' users in Jordan rose to 1.92 million in July, an increase of 2.2% compared to the previous month. According to the statistics, 96.2% of the platform's users are Jordanian nationals, accounting for 1.85 million users, while 73.9 thousand users, or 3.8%, are of other nationalities. The data also revealed that the majority of 'CliQ' users in Jordan are male (61.9%), compared to approximately 35.3% female users, with young people aged 18 to 30 being the most active demographic. In terms of transaction types, money transfers accounted for 82.5% of the total transaction value via 'CliQ,' while purchases made through the system constituted 17.5%. The report shows that the average transaction value in July was 122 dinars, unchanged from June. 'CliQ' is Jordan's latest instant payment system, launched by JoPACC in 2020. It allows for instant money transfers between bank accounts in all participating banks and to and from e-wallets in Jordan. These figures reflect the significant development of Jordan's electronic payment sector, reinforcing the position of digital services as a safe and efficient alternative to traditional transactions and confirming the shift toward an advanced digital economy that keeps pace with global technological advancements. It is noteworthy that the total number of transactions processed through the 'CliQ' instant payment system last year reached 83.9 million, with a value of 12.1 billion Jordanian dinars. –(Al-Mamlaka)
