MadfooatCom is a regional innovator, and the fastest growing fintech company in Jordan, that develops and operates real-time payment processing solutions and services with a clear determination and vision to enhance the digital payments scene and to contribute to the economy, by innovating financial solutions that are accessible for everyone, anywhere, anytime.
The company has an unparalleled record of growth year-over-year in terms of transactions, client base, local and foreign investments, valuation, revenues, products portfolio, and a professional team.
With a long list of local and regional strategic shareholders, the company grew exponentially since its inception; mainly driven by the recent achievements, the continuous innovations and promising growth. MadfooatCom is expanding its products portfolio and its footprint in various markets with live implementations in many countries.
MadfooatCom is not only a payment processor and operator; it is a technology development company with bold ideas.
Established in 2011, it became famous for its National Bill Presentment and Payment Service, under the brand of eFAWATEERcom, and under the supervision of the Central Bank of Jordan; and in the Sultanate of Oman under the brand of Tasdeed.
In 2014, MadfooatCom built and started operating the eFAWATEERcom system as the National Electronic Bill Presentment & Payment Service, in partnership with the Central Bank of Jordan.
MadfooatCom has by far exceeded expectations, both locally and beyond, by seamlessly connecting over 400 billers, 1094 services, 800 agents, 25 banks and 7 mobile wallets operating in the country into one payment platform accessed by every individual and business.
Since the beginning, eFAWATEERcom was designed to facilitate e-payments to various stakeholders contributing to the ecosystem including mobile and online banking, mobile wallets, local and international credit cards, eFAWATEERcom’s own branded portal, and mobile app as payment channels and DirectPay as a payment method on billers and businesses online portals.
Ultimately, MadfooatCom created a network of agents reaching almost every part of Jordan, to serve unbanked customers or those with a cash favoring mindset, until the full adoption of digital payment channels; processing millions of payments of a value of tens of billions of dollars, while serving all industries and sectors to truly make a positive impact on the lives of Jordanians and the overall economy.
MadfooatCom has released its recent innovations in mobile payments and merchants acquiring.
Visit www.madfooat.com to stay updated.
