Dinarak

Dinarak (Al-Mutakamilah for Payments Services via Mobile Phone)[5][6][7][8] is a mobile wallet, money transfer, electronic bill payment, funds disbursement service,[9] licensed by the Central Bank of Jordan[10] under the jomopay national switch[11][12] and launched in late 2015 as Dinarak wallet as part of the Jordanian central bank's efforts to advocate financial inclusion for the un-banked segment of the Jordanian population.[13] Dinarak allows users to deposit, withdraw, transfer money and pay for goods and services via their mobile phone. The service can be accessed by Dinarak mobile applictaion.

Dinarak
Type of businessPrivate
HeadquartersAmman, Jordan
Key peopleImad Aloyoun (CEO)[1]

Khaldoun Mahmoud (Co-founder) [2]

Loay Sehwail (Co-founder) [3]

Bassem Farraj (Chairman of the Board) [4]
ServicesMobile payment - Payment system
URLdinarak.com
Launched2014
Current statusOnline

JoMoPay, the Jordanian national mobile payments switch, is a unique payments system that has created cross-platform and platform level interoperability for multiple digital payments instruments in Jordan. This includes interoperability between the licensed mobile payments services providers (PSPs), as well as interoperability between mobile wallets, bank accounts, and prepaid cards.

Services

Dinarak customers can deposit as well as withdraw money from a network of agents that includes many retail outlets, the post office and Exchange houses acting as banking agents. Dinarak offers mobile money solutions including:

Registering for your Dinarak account is very easy and takes only a few minutes - just visit a Dinarak Agent or Dinarak Branch with your national identification, fill in a form and activate your Dinarak App.

Non-Jordanians can use their passport (or UNHCR card, as applicable) for registration and Know Your Customer (KYC) requirements set forth by CBJ.

Dinarak agent

Transaction charges and costs
Withdraw Cash at an agentMaking a DepositATM WithdrawalSending Money(p2p)
1.00 JD to 5.00 JD: Fee = 0.50 JDFREE1 JD1.00 JD to 5.00 JD: Fee = 0.10 JD
5.01 JD to 20.00 JD: Fee = 0.75 JDFREE1 JD5.01 JD to 20.00 JD: Fee = 0.15 JD
>20.00 JD: Fee = 1.00 JDFREE1 JD>20.00 JD: Fee = 0.25 JD

[17]

Exchange house as an agent
  • No Fees when using Dinarak MasterCard at Jordan Kuwait Bank ATMs
  • No Fees for Receiving Money
  • Paying For Goods & Services
  • Cardless ATM withdrawal at CAB
  • No Fees for making payments to retailers and merchants
  • Bill Payments / eFAWATEERCOM: Free (No Fees are added by Dinarak)
  • Free Account Opening
  • No Minimum Balance
  • No Monthly Fees
gollark: Electron apps are bad because they ship an entire browser engine when everyone already has one or probably three.
gollark: > yes but 90% of people end up installing Discord anywayThey are silly. Eventually the web will reach API parity with desktop apps. It is inevitable.
gollark: Hmm. This "surge.sh" thing *does* seem very convenient. I should make osmarks.tk this convenient.
gollark: Yes, electron bad, but web applications sometimes good?
gollark: Although having actually-native desktop apps would be good. Or at least web-view ones instead of UTTERLY ACCURSED ELECTRON.

See also

References
  1. "Dinarak Executive Team". Dinarak.
  2. "Dinarak Executive Team". Dinarak.
  3. "Dinarak Executive Team". Dinarak.
  4. "Dinarak Executive Team". Dinarak.
  5. "Paying by smartphone: digital change in Jordan". Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH.
  6. "Central Bank of Jordan". Central Bank of Jordan.
  7. "The Information and Communications Technology Association of Jordan". The Information and Communications Technology Association of Jordan.
  8. "CBJ mobile payment stats". Alrai Newspaper.
  9. "Dinarak Website". Dinarak Website.
  10. "Central Bank of Jordan". Central Bank of Jordan.
  11. "Jordanvista news". Jordanvista news.
  12. "JordanTimes". The JordanTimes news.
  13. "Jordanians still suffer from low financial inclusion". The JordanTimes news.
  14. "eFAWATEERcom". eFAWATEERcom.
  15. "eFAWATEERcom transactions". jordantimes.com.
  16. "Mobile payment". Middle East Payment Services (MEPS).
  17. "Customer fees". dinarak.com.
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