Jordan Kuwait Bank partners Mastercard and FOO to launch multicurrency prepaid wallet offering
Jordan Kuwait Bank (JKB) has partnered with Mastercard and UAE-based fintech FOO to launch eliWallet, a prepaid digital wallet offering both virtual and physical cards for multicurrency transactions across online and in-store payments.
JKB launches eliWallet in collaboration with Mastercard and FOO
JKB says the new offering will enable its customers to “gain the opportunity to transfer money swiftly across borders”.
The $7.3 billion-asset commercial bank adds that eliWallet “leverages advanced technology to deliver a secure and seamless payment experience”, utilising Mastercard’s “extensive network and expertise in digital payments” for global payment acceptance.
FOO, a B2B Software-as-a-Service (SaaS) solution provider, has been tasked with overseeing the development, customisation and deployment of the offering, and will also take charge of eliWallet’s testing and integration with third parties.
Speaking on the launch, Suhail Al-Salman, head of retail business at JKB, says eliWallet marks a “giant leap forward into the future of financial empowerment, providing our users with an array of features and services designed to make their lives easier”.
FOO managing partner Ghady Rayess adds that eliWallet will simplify and streamline the payment process “to meet the demands of the modern world”.
