Mastercard Move and Cairo Amman Bank Join Forces to Enable Convenient and Secure Cross-Border Payments in Jordan

In collaboration with Mastercard, Cairo Amman Bank will leverage Mastercard Move’s money movement capabilities to transform international money transfers for its customers in Jordan. 

The collaboration will advance financial inclusion and contribute to an even more accessible digital economy by facilitating the movement of funds from Jordan to 37 countries.

As part of the collaboration, Mastercard will also deliver unique value-added services, including fraud analytics and risk control, tailored to Cairo Amman Bank’s specific needs.

“At Cairo Amman Bank, we are committed to providing our customers with faster and safer transfers. We aim to address existing challenges in cross-border payments and seize opportunities through innovative solutions. The collaboration with Mastercard will empower us to elevate our payment capabilities and reinforce our position in Jordan’s financial sector,” said Dr. Kamal Al-Bakri, CEO, Cairo Amman Bank.

“Mastercard focuses on building robust payment ecosystems and advancing the digital economy across the Middle East. Our partnership with Cairo Amman Bank will be instrumental in bringing convenient and secure cross-border payment solutions to Jordan. Together with Cairo Amman Bank, we will provide local businesses and consumers with the confidence needed to navigate today’s global market and allow them to transact internationally with ease,” said Adam Jones, division president, West Arabia, Mastercard.

Mastercard Move is Mastercard’s portfolio of money movement capabilities powering a variety of payment experiences — from personal payments to disbursements to business payments. Mastercard Move reaches nearly 10 billion endpoints and provides access to an estimated 4.8 billion people – more than 95% of the world’s banked population.

Mastercard’s new content series Money in Motion, which explores key trends in disbursements and remittances, highlights the need from consumers and businesses for fast, efficient and secure cross-border payment solutions. According to the World Bank, Jordan’s remittance value reached USD4.94 billion in 2023, an increase from USD4.91 billion in 2022. In comparison, the global average is $USD4.59 billion, based on data from 184 countries.