Khaberni - Both uwallet and the Women’s Fund for Microfinance announced the signing of a strategic cooperation memorandum to launch a new digital service named “Digital Salary Advances”, which allows employees of small and medium-sized enterprises to obtain financial advances from their due salaries with flexibility and security, within a smooth and fast digital experience.
The memorandum was signed by Dr. Alaa Nsheiwat, the CEO of uwallet, and Ms. Maha Al-Saeed, the CEO of the Women’s Fund for Microfinance, in the presence of a number of employees from both sides.
The partnership aims to provide a comprehensive solution that combines financial capability and technological capacity within a clear framework that ensures ease of use, speed of execution, and enhanced operational management efficiency. Under this cooperation, the service is provided through modern digital channels, ensuring an advanced user experience and simplified procedures, along with instant reports that support governance, transparency, and performance efficiency.
This service comes in response to the daily needs of employees, by providing immediate liquidity to help them cover emergency obligations and manage expenses before payday, which positively reflects on the financial stability of individuals and simultaneously supports small and medium-sized enterprises by enhancing employee satisfaction and productivity continuity.
Dr. Alaa Nsheiwat said:
“This partnership reflects our shared orientation towards providing practical and tangible digital financial solutions that meet the needs of employees and companies. At uwallet, we focus on transforming financial services into a simpler, faster, and more secure experience, through scalable digital solutions that serve the goals of financial inclusion and digital transformation in Jordan.”
On her part, Ms. Maha Al-Saeed said:
“We consider this step an extension of our mission in developing responsible financing products that keep up with the digital transformation and reach people in an easier and more efficient way. Cooperation with uwallet allows for the provision of a flexible and transparent service that helps employees manage their commitments, and supports small and medium-sized enterprises through modern financial tools that enhance stability and sustainability.”
It is worth mentioning that uwallet is one of the leading providers of licensed electronic payment services in Jordan and continues to work on developing modern digital solutions that enable individuals and companies to carry out their transactions with ease and security. The Women’s Fund for Microfinance, established in 1996, is a leading non-profit institution operating under the control and supervision of the Central Bank of Jordan, and is part of the “Tanmeya” network of microfinance institutions.
