b2b-daily
Home | FinTech | Digital Lending / Digital Payments

How Will Mastercard and Cairo Amman Bank Transform Payments in Jordan?

Avatar photo
by Mikhail Hamilton
January 21, 2025
Image Credit: AKuptsova / Pixabay
How Will Mastercard and Cairo Amman Bank Transform Payments in Jordan?

In a move poised to revolutionize the financial landscape in Jordan, Mastercard has teamed up with Cairo Amman Bank to introduce pioneering solutions in the realm of cross-border payments. This strategic collaboration aims to enhance financial inclusion while fostering a more accessible digital economy by facilitating money transfers from Jordan to 37 different countries. By leveraging Mastercard’s extensive capabilities, Cairo Amman Bank is set to offer faster, more secure international money transfers, complemented by value-added services like fraud analytics and risk control.

Dr. Kamal Al-Bakri, CEO of Cairo Amman Bank, has stressed the bank’s dedication to tackling the challenges inherent in cross-border payments while continuously innovating to provide the best solutions. Meanwhile, Adam Jones, the division president of West Arabia at Mastercard, has underlined the significance of this partnership in creating a robust payment ecosystem aimed at benefiting Jordanian businesses and consumers in the global market. The initiative, Mastercard Move, encompasses nearly 10 billion endpoints and serves an astounding 4.8 billion people, which represents over 95% of the world’s banked population.

This collaboration is not only a reflection of the ongoing trends identified in Mastercard’s Money in Motion series but aligns perfectly with the increasing demand for quick and secure cross-border payment options. The World Bank reiterated these trends by noting that Jordan’s remittance value surged to USD 4.94 billion in 2023, part of a broader global increase in remittance flows. This initiative is expected to fortify Cairo Amman Bank’s standing in Jordan’s financial sector while simultaneously spurring economic growth through enhanced payment solutions.

Innovation

Explore more

Is Desktop Customization the Cure for Linux Distro Hopping?
July 31, 2026

The rapid advancement of personal computing technology often creates a paradox where perfectly functional hardware is rendered obsolete by the arbitrary software constraints of major operating system vendors. Many users find themselves in a position where reliable machines, still possessing significant processing power and memory capacity, are suddenly excluded from receiving the latest security updates or feature sets. This forced

North Korean Hackers Use Fake macOS Updates to Steal Crypto
July 31, 2026

The sophisticated digital landscape of 2026 has witnessed a dramatic surge in highly targeted cyberattacks that specifically exploit the perceived inherent security of Apple’s macOS ecosystem. While many users once believed that the Unix-based architecture and rigorous app-vetting processes provided an impenetrable shield, state-sponsored actors from North Korea have proven otherwise by deploying deceptive software updates. These campaigns often leverage

Microsoft Copilot Flaw Enables Self-Propagating AI Worms
July 31, 2026

The rapid deployment of artificial intelligence within the corporate workspace has traditionally been viewed as a productivity catalyst, yet recent security discoveries have unveiled a sophisticated threat that fundamentally challenges the safety of automated workflows. Security researchers have identified a critical vulnerability within Microsoft Copilot for Word that facilitates a new class of “prompt injection” attacks, allowing malicious actors to

Is Your B2B PR Strategy Building Credibility or Just Noise?
July 31, 2026

Waiting until a major funding round or a massive product launch to initiate a public relations strategy often leaves B2B startups in a precarious position of anonymity during their most critical growth phases. Many founders operate under the misconception that public relations is a reactive mechanism, a lever to be pulled only when there is substantial news to share with

How Can B2B Brands Break Through Digital Marketing Fatigue?
July 31, 2026

The modern B2B procurement environment has transitioned into a hyper-saturated ecosystem where senior decision-makers are currently bombarded by a relentless stream of algorithmically generated outreach and automated marketing sequences. This pervasive digital marketing fatigue has rendered traditional tactics, such as high-volume email sequences and generic personalization tokens, largely ineffective for capturing the attention of high-value prospects who have grown cynical