Khaberni - The Jordan Kuwait Bank signed a memorandum of understanding with Mada for Specialized Finance with the aim of launching the "Buy Now, Pay Later" (BNPL) service through its leading digital payment platform JKB Pay, during a ceremony held on the sidelines of the 2025 Jordan Fintech Festival, which took place in the Four Seasons Hotel – Amman, in the presence of representatives from both sides.
This collaboration is part of the Jordan Kuwait Bank's commitment to enhancing innovation in the field of digital payments and expanding financial solutions available to individuals and companies, in line with the developments in the fintech sector and enhancing financial inclusion in Jordan.
The bank's Director of Digital Channels, Ms. Maram Nuweiran, emphasized the significance of this step, stating: "Launching the Buy Now, Pay Later service through the bank's leading digital platform JKB Pay represents a qualitative addition to the digital payments sector in Jordan. We work to provide innovative solutions that serve both individuals and merchants alike, supporting the bank's efforts in promoting financial inclusion and connecting customers with the latest digital tools available."
On his side, Mr. Mohammad Marai, CEO of Mada for Specialized Finance, said: “We are pleased with our partnership with the Jordan Kuwait Bank to launch this leading service that provides consumers with flexible and easy payment options, which also supports the growing e-commerce ecosystem in Jordan. We believe this collaboration reflects our joint commitment to developing innovative financing solutions that enhance individuals' ability to manage their expenses more effectively.”
This cooperation reinforces the role of Jordan Kuwait Bank in supporting financial innovation through integrating the JKB Pay service with the national infrastructure for instant payments (Khberni service), in addition to highlighting its role in the experimental JoRegBox environment supervised by the Central Bank of Jordan, which solidifies the bank’s commitment to leading digital and financial transformation in the Kingdom.
