THE MIDDLE EAST’S
4. MadfoatCom for ePayments Company
Description: Bill presentment and payment system
Headquarters: Jordan
Date of Establishment: 2011
Founder: Nasser Saleh
MadfoatCom provides online, real-time bill presentment and payment services. In 2014, it won the exclusive tender of the Central Bank of Jordan to build, operate, and administrate the electronic bill presentment and payment service, eFAWATEERcom, which is connected to all banks in Jordan, mobile wallets, post offices, and payment service providers. Today, it operates in Jordan, Oman, Palestine, Saudi Arabia, the U.A.E., and Morocco, with plans to expand into Iraq in 2024. With 538 billers and more than four million active users, MadfoatCom processed 52.6 million transactions worth $16.3 billion in 2023. Its app had been downloaded more than two million times as of December 2023.