Jordan Kuwait Bank taps Mastercard and FOO for eliWallet

Jordan Kuwait Bank (JKB) has teamed up with Mastercard and UAE-based fintech FOO to introduce eliWallet, a prepaid digital wallet that supports both virtual and physical cards for multicurrency transactions.

JKB highlights that eliWallet will allow customers to transfer money quickly across borders. The $7.3 billion-asset bank notes that the wallet leverages advanced technology for a secure and seamless payment experience, backed by Mastercard's global payment network and digital payment expertise.

FOO, a B2B SaaS provider, is responsible for the development, customization, deployment, and third-party integration of eliWallet.

Suhail Al-Salman, head of retail business at JKB, states that eliWallet represents a significant advancement in financial services, offering features and services aimed at enhancing user convenience. FOO managing partner Ghady Rayess adds that eliWallet is designed to simplify and streamline the payment process to meet modern demands.