This wallet can be used not only at multiplexes such as PVR and Inox but also to recharge direct-to-home services such as Sun Direct. Semi-closed wallets also do not permit cash withdrawal or redemption by the holder.Īn example of semi-closed wallet is Citrus Payment Solutions Pvt. According to RBI, a semi-closed wallet can be used to buy goods and services, including financial services, at clearly identified merchant locations or establishments, which have a specific contract with the issuer to accept the payment instruments. In the payments space, companies such as Oxigen Services India Pvt. Mostly these function as an account where money gets credited in case of a refund due to cancellation or return of a product or service. Companies such as, and offer closed wallets. These instruments do not permit cash withdrawal or redemption. Hiba Al Shareef, Orange Money’s General Manager spoke at the event about Orange Jordan’s efforts to expand to e-payment services and how Jordan has surpassed other countries in the region in developing payment solutions.Īl Shareef noted that the Orange Money’s e-wallets will enable users to fulfill their financial commitments via a wide range of digital solutions easily and securely, impacting all economic sectors and the society as well.A closed wallet is issued by a company to a consumer for buying goods and services exclusively from that company. “Orange Money is a modern solution that eases life by providing high quality financial services to meet the different needs of users in the local market” Deiranieh said, noting that Orange Group has succeeded in enhancing financial inclusion in 17 countries by developing financial solutions that serve 45 million customers. Orange Jordan is actively contributing to the economic development in the Kingdom, Orange Money’s Chairman said, adding that developing the e-wallet service contributes to achieving the goals of the Central Bank’s Financial Inclusion strategy which requires collaboration between all concerned parties. Orange Money also signed an agreement with the Housing Bank for Trade and Finance, by which the bank will settle the Orange Money’s Services and will enable users to withdraw and deposit cash directly from the bank’s ATMs, he added.ĭeiranieh stressed that the company seeks to offer a comprehensive set of services not only for Orange Jordan’s customers but also for users of any telecom services inside Jordan via the e-wallet which enables the users to pay bills, transfer money, shop online, and recharge mobile prepaid credit.
#Telecom ewallet solution software#
Raslan Deiranieh, Orange Money’s Chairman, said that the company signed an agreement with Gate to Pay Company which has developed the e-wallet’s software and an anti-money laundering system, issuing pre-paid VISA cards. He noted that developing this solution will contribute to the development of the digital sector, financial inclusion, all economic sectors and national economy as a whole.
The e-wallet service will enable users to conduct financial processes anywhere and in anytime, with ease, Marigny added. He also noted that the group’s keenness to develop a mobile e-payment solution has enhanced Orange Jordan’s role as a leading local provider of premium technologies that enhances customers’ lives by saving them time and effort. Thierry Marigny, Orange Jordan’s CEO, said that the company finished registering Orange Money service last year to achieve the goals of Orange Group’s strategy for its subsidiaries in the Middle East and Africa which focus on many disciplines including automating, securing and easy payment services. The company said at the event that the service operated by Petra Mobile Payment Services Company has completed all official requirements stipulated in Jordanian legislature.
#Telecom ewallet solution license#
The event, which was attended by governmental officials alongside the company’s management and strategic partners, celebrated the launch of the financial solution, which recently acquired the epayment license from the Central Bank.
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