As part of its commitment to providing and innovating a suite of exceptional digital financial solutions for all business sectors, especially the insurance sector, given its vital role and systemic changes in its business and operational processes and automation; Zain Cash signed a strategic agreement with Solidarity - Al Oula for Insurance, which involves providing the service of issuing insurance policies to all individual and institutional customers and users of Zain Cash..
Under this agreement, Zain Cash will offer the insurance policy issuance service to all its customers and users, individuals and institutions, swiftly and easily through its "Zain Cash" app, alongside providing flexible payment options including the "Buy Now, Pay Later" service and installment payments up to 12 months for its credit card holders that are compliant with Islamic Sharia, in its three categories (Classic, Platinum, and Global), aligning with customer needs, saving time and effort, and providing flexible and facilitated financial solutions..
The agreement was signed by the CEO of Zain Cash, Sultan Keshwara, and the CEO of Solidarity - Al Oula for Insurance, Alaa Abdel Jawad,where from Zain Cash's side, this agreement is part of its efforts to enrich its customers' experiences by providing a unique and integrated digital financial experience, facilitating their procedures, saving time and effort, thereby reducing costs and simplifying the procedures to easily access services, in addition to highlighting the importance of employing the latest artificial intelligence and e-commerce technologies in the insurance sector, aiming to improve customer experience and provide innovative solutions matching the digital market developments..
The CEO of Zain Cash, Sultan Keshwara, expressed his delight in signing the agreement, stating: "Our partnership with Solidarity - Al Oula for Insurance is part of Zain Cash's ongoing efforts to expand the range of digital financial solutions and provide comprehensive services that meet the needs of individuals and institutions. This agreement reflects our commitment to providing innovative, safe, and easily accessible financial solutions and services by simplifying the insurance policy issuance procedures, saving our customers time and effort. Since its foundation, Zain Cash has been dedicated to making people's lives easier by offering innovative financial solutions that keep pace with the rapid technological advancements, continuing to work on developing the digital financial sector to enhance financial inclusion and drive the industry in line with market expectations and creating added value for all individuals and institutions."
On his part, the CEO of Solidarity - Al Oula for Insurance, Alaa Abdel Jawad commented: "We are pleased to sign this distinctive agreement with Zain Cash, which represents a new step towards expanding access to insurance services through digital channels. This partnership reflects our belief in the importance of digital transformation, speed in issuing insurance policies, and enhancing the customer experience by providing innovative, easily accessible solutions that are compatible with the digital market developments."
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Zain Cash users will be able to issue and purchase insurance policies quickly and smoothly via the Zain Cash app, which will facilitate obtaining insurance coverage that matches their personal or commercial needs. Insurance services vary and include, but are not limited to, medical insurance and vehicle insurance, as well as including the option of installment payments for up to 12 months for all credit card holders from Zain Cash, enhancing the ease of access to various insurance coverages offered by Al Oula for Insurance.
Zain Cash offers its credit cards compliant with Islamic Sharia provisions, in its three categories (Classic, Platinum, and Global), without interest and fees, aiming to provide more benefits for its users and offer comprehensive financing solutions and enabling them to manage their money better. Zain Cash provides credit cards launched in partnership with Mastercard, with limits starting from 100 dinars up to 5000 dinars, without the need to transfer the salary and without card issuance fees. It also offers a wide and varied range of digital financial services, where Zain Cash wallet users can complete financial transactions such as withdrawal and deposit, shopping at various points of sale like shops and restaurants, and shopping online locally and internationally through the Zain Cash Mastercard, presented to "Zain Cash" subscribers upon wallet opening. Since its launch in 2011, Zain Cash has become a major player in the digital financial services and prepaid cards sector in Jordan, and is the largest issuer of Mastercard cards in the Kingdom.
