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Tuesday 22 October 2019

Housing Bank, Orange Money Announce Strategic Partnership to Provide Support for Electronic Wallet Services


The Housing Bank, the largest and most widespread bank in Jordan, has signed a strategic partnership agreement with Petra Company for Mobile Payment Services 'Orange Money', under which the Housing Bank will be accredited as a settlement bank for electronic wallet services 'Orange Money'.

 The partnership was announced with the presence of Vasken Ajemian, Chief Banking Officer at Housing Bank, and Raslan Deiranieh, Chairman of the Board of Directors at Orange Money.

 Orange Money will be launched at the Housing Bank's ATMs across Jordan governorates, and comes in line with the Bank's implementation of the National Financial Inclusion Strategy and Objectives launched by the Central Bank of Jordan in 2017, which comes in contribution to the realization of Jordan 2025 Vision and seeks to enhance financial inclusion in Jordan by increasing e-payment levels in the retail payments market.

 The Chairman of Orange Money, Raslan Deiranieh, praised this strategic partnership with the Housing Bank- the leading bank in the Jordanian banking sector. According to Deiranieh, this partnership will enable them to spread electronic payment services across the Kingdom's governorates, which will positively affect the enrichment of the local electronic payment sector, especially mobile payments, whether by using the card accompanying the wallet or without it, through the Housing Bank's ATMs which are spread across all governorates. The Bank's vision and action plan in the area of digital transformation will enable Orange Money customers to withdraw and deposit directly without using the card through the Bank's ATM screens and at preferential rates.

 Deiranieh added that this step will support the Central Bank of Jordan's directions to increase the financial inclusion in Jordan, through the introduction of Orange Money products which are specialized in electronic wallets and supported by customized electronic applications that suit the local market needs related to the international standards for financial services.

 The Chief Banking Officer at Housing Bank Vasken Ajemian noted that the Housing Bank is continuously keen to offer modern electronic services and products, in addition to the Bank's leading role in banking and financial education, pointing out that the Housing Bank is the largest and most widespread in Jordan with 129 branches covering various regions in Jordan supported by 229 ATMs, in addition to the mobile bank service which provides an array of services to customers across Jordan governorates.

 Ajemian added that the Housing Bank is proud of its strategic partnership with Orange Money, and hoped that this agreement will contribute to the implementation of the goals of both parties to bring about financial inclusion by providing citizens with access to basic financial services.

 Orange Jordan had previously announced the launch of Petra Company for Mobile Payment Services 'Orange Money' as part of Orange's global strategy for the Middle East and Africa region which is based on many pillars, notably the automation of payment services to make them easy, secure and more protected.

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