Jordanians will be able to use mobile wallets for withdrawing money from ATMs, bill payments and person-to-person or person-to-merchant transfers. Customers will not require either a smartphone or bank account to use the mobile wallets, which will work with standard cellphones, and fund transfers will be possible from customers of one mobile operator to another.
Mobile operators or companies that issue mobile wallets will have to abide by the CBJs mobile payment regulations, and deposit collateral at the CBJ that is equivalent to the value of the e-wallets they want to issue.
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