Mastercard has teamed up with Dinarak, Jordan’s mobile wallet innovator, to increase digital payment adoption across the country. The 7 July 2025 press announcement confirmed their goal: deploy digital-first multi‑currency prepaid cards and premium prepaid offerings that extend financial services to underserved populations in Jordanian communities.
Since being licensed by the Central Bank of Jordan in 2016, Dinarak has seen an increase in its number of wallet users to around 500,000, with annual growth rates ranging from 20 to 25%.
The company aims to make an impact by creating digital wallets that are secure and accessible to millions of Jordanians who lack financial resources, with a particular emphasis on the gender gap.
Mastercard’s partnership is a component of broader initiatives to jointly develop localized digital payment methods in developing nations, while expanding their services to less populous regions. The Jordanian country manager, Saudi Swar, stated that the partnership will facilitate value transfer across digital rails and strengthen Mastercard’s presence in Levant markets.
Real Inclusion with Global Backing
This announcement represents a strategic move towards strengthening Jordan’s economy, which is mostly dependent on cash. This fintech collaboration seeks to provide digital wallets, prepaid cards and cross-border remittance tools to people who have been previously excluded from basic financial services, as many Jordanians are still outside traditional banking.
The collaboration highlights my conviction that fintech should prioritize both convenience and financial worth. With the help of Jordan’s JoMoPay national switch, which ensures services are interoperable between airlines, it would be wise to combine Mastercard’s global infrastructure with Dinarak.
Where Execution Will Decide the Outcome
Mastercard’s support of Dinarak’s digital transformation is positive. Like many fintech promises, the real test is in how they are implemented. Are prepaid cards expected to have transparent and reasonable fees? Will the rural and digitally underserved areas be accessed? Might this partnership offer a boost to users throughout Jordan, not just in urban Amman?
Given Dinarak’s history serving government disbursements, gaming payments, cross-border transfers and bill payments, the potential is there
The Mastercard-Dinarak partnership is a promising step towards financial inclusion in Jordan. The understanding of technology’s impact on increasing access is evident in it. But bold claims need proof. By leveraging the global reach of Mastercard and the local infrastructure of Dinarak, this could be a blueprint for inclusive fintech in the MENA region.
