The “Click” payment system in Jordan experienced a decrease in transaction value and volume in February 2023, with 9.9 million transactions valued at 1.28 billion dinars. The user base increased to 1.74 million, predominantly Jordanian, with a majority being male and ages 18 to 30. Overall, these developments underscore the growth of digital payment systems in Jordan’s economy, following a significant rise in total transactions last year.
As reported by the Jordanian Payment and Clearing Systems Company (JoPAC), the number of transactions conducted through the “Click” payment system from January to February of this year totaled 20.22 million, amounting to 2.61 billion Jordanian dinars.
In February, the value of electronic payment transactions via “Click” experienced a decline, dropping to 1.28 billion dinars, a reduction of 4.3% compared to January’s value of 1.33 billion dinars. Furthermore, the number of transactions also saw a decrease, with 9.9 million recorded in February, representing a 4% decline from January’s 10.32 million transactions.
The user base of the “Click” system grew to 1.74 million users in February, reflecting a 2% increase. Notably, 96.3% of users are Jordanian, with 1.6 million Jordanians participating and 65,000 users of other nationalities.
Demographically, male users account for 62.2% of the platform’s user base, whereas female users make up approximately 35%. The most active demographic among users is young individuals aged 18 to 30.
In terms of usage, money transfers comprised 85.3% of all “Click” transactions, while purchase payments constituted 14.7%.
Introduced in 2020 by JoPAC, the “Click” payment system facilitates instant fund transfers and receipt between bank accounts across all participating banks and e-wallets in Jordan.
These insights indicate a robust evolution within the electronic payment sector in Jordan, underscoring the growing importance of digital services as reliable alternatives to traditional payment methods and the overall transition toward an advanced digital economy aligned with global trends. Notably, last year, the “Click” system recorded a total of 83.9 million transactions valued at 12.1 billion Jordanian dinars.
The “Click” payment system continues to demonstrate its significance in Jordan’s electronic payment landscape. Despite a slight decline in transaction value and volume in February compared to January, the overall growth in user adoption and the system’s vital role in facilitating financial transactions underscore its potential for shaping the future of digital finance in the region.
Original Source: www.jordannews.jo
