jordan pulse -
The Central Bank of Jordan has issued a circular to licensed exchange companies allowing them to offer a co-branding product for the service of opening electronic money accounts (e-wallet) and issuing prepaid payment cards.
The circular came within the scope of the agency’s work with payment and electronic funds transfer companies, stipulating compliance with the provisions of relevant legislation, in particular the instructions for dealing with agents of effective payment and electronic funds transfer services companies.
It also stipulated that the revenues generated from its work in the activity be proven separately, in addition to ensuring that the exchange companies through which it is intended to provide the product obtain the necessary approvals from the Central Bank, as the case may be.
The following is the text of the circular:
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