Mastercard, uwallet and Jordan Post Launch BareedPay Card

Mastercard, uwallet and Jordan Post Company have launched BareedPay, a co-branded card programme built to widen access to digital payments in Jordan. It targets underserved communities, small businesses and expatriates.

The three parties divide the work. Jordan Post delivers the BareedPay service. Fintech uwallet issues the card and powers the platform behind it. Mastercard supplies the global payments network.

Cardholders can shop online, settle government dues and pay other bills. The programme also covers peer-to-peer and cross-border money transfers, and it carries prepaid and multi-currency products. SMEs and merchants get support under the scheme.

Reach is the bet. Jordan Post runs more than 400 branches across the country, and the partners expect that network to bring BareedPay to people who are not yet connected to formal financial services. The programme is also designed to support the modernisation of government payment programmes and lines up with Jordan's digital transformation plans. The stated aim is wider nationwide use of digital financial services.

H.E. Sami Al-Dawood, chairman of Jordan Post Company, said the collaboration would help the partners serve communities across Jordan better and advance the country's digital economy.

Saud Swar, Mastercard country manager for Saudi Arabia, Bahrain, Jordan and other Levant markets, said the company works with fintechs and government-backed programmes in Jordan to drive payments innovation and financial inclusion.

The postal network is what separates this from an ordinary bank-issued card. Post offices already sit in places where commercial bank branches do not, and putting a prepaid, multi-currency product behind that counter gives cash-heavy households a physical place to open and top up an account. Cross-border transfer matters for the same reason: many expatriates in Jordan earn in one currency and send money home in another.