Jordan Post Company, Money for Finance company to expand financial services

AMMAN — The Jordan Post Company (JPC) and Money for Finance, a Fintech company,  on Saturday signed an agreement to expand the postal service offices used by Money for Finance to provide financial services to individuals.

The agreement was signed by the JPC Acting Director-General, Hanadi Al Tayyeb, and the Money for Finance CEO Bashar Maayah.

During the ceremony, JPC Chairman Sami Dawoud said that the agreement is aligned with the national financial inclusion strategy, which emphasises citizens’ rights to access financial services.

He also highlighted the JPC's strategies to develop its services, including electronic postal services, e-commerce projects and expanding financial and electronic payment services through e-wallets, according to the Jordan News Agency, Petra.

Tayyeb said that state-owned Money for Finance currently services 30 post offices, noting that this agreement will allow financial services to reach remote areas, especially locations outside Amman. 

Maayah noted that the partnership with the JPC is strategic due to the widespread network of post offices across the Kingdom, enabling all Jordanians to access the company's services. 

Money for Finance's primary goal is to provide financial services, especially innovative financial technology, to meet individuals' daily and emergency needs, including facilitating access to financial support and providing easy payment options, he added, noting that the company also offers Shariah-compliant loans.