Cairo Amman Bank has announced a strategic collaboration with Mastercard to leverage Mastercard Move’s capabilities for transforming international money transfers for its customers in Jordan. This partnership aims to advance financial inclusion and facilitate seamless money movement to 37 countries, contributing to a more accessible digital economy.
Through this collaboration, Mastercard will provide Cairo Amman Bank with value-added services, including fraud analytics and risk control, tailored to meet the bank’s specific needs.
Dr. Kamal Al-Bakri, CEO of Cairo Amman Bank, shared, “At Cairo Amman Bank, we are committed to offering our customers faster and safer transfer options. This collaboration with Mastercard will help address challenges in cross-border payments and enable us to enhance our payment solutions, solidifying our position in Jordan’s financial sector.”
Adam Jones, Division President, West Arabia at Mastercard, emphasized the importance of the partnership, stating, “Mastercard focuses on creating strong payment ecosystems to support the digital economy across the Middle East. Our collaboration with Cairo Amman Bank will provide secure and efficient cross-border payment solutions, empowering businesses and consumers in Jordan to confidently transact internationally.”
Mastercard Move, part of Mastercard’s portfolio, offers a range of money movement capabilities, supporting everything from personal payments to business disbursements. Reaching nearly 10 billion endpoints, Mastercard Move provides access to an estimated 4.8 billion people—over 95% of the world’s banked population.
Mastercard’s content series, Money in Motion, highlights the growing need for fast, secure, and efficient cross-border payment solutions. According to the World Bank, Jordan’s remittance value reached USD 4.94 billion in 2023, a slight increase from USD 4.91 billion in 2022. The global average for remittance value is USD 4.59 billion, based on data from 184 countries.
