The “Click” payment system has recorded 20.22 million transactions worth 2.61 billion Jordanian dinars from January to February 2023. February saw a 4.3% decline in transaction value, with 1.28 billion dinars and 9.9 million transactions. The user base has grown to 1.74 million, predominantly Jordanian, with a strong male demographic. The service mainly facilitates money transfers, constituting 85.3% of transactions.
The “Click” payment system in Jordan has reported a total of 20.22 million transactions valued at 2.61 billion Jordanian dinars from January to February 2023, according to the Jordanian Payment and Clearing Systems Company (JoPAC). However, in February alone, the transaction value fell to 1.28 billion dinars, marking a 4.3% decrease from January’s total of 1.33 billion dinars.
In February, 9.9 million transactions were documented, a reduction of 4% from 10.32 million in January. Meanwhile, the user base for the “Click” platform saw a slight increase, reaching 1.74 million users, which represents a 2% growth in February. Notably, 96.3% of these users are of Jordanian nationality, while 3.7% are from other nationalities.
Demographically, the majority of “Click” users are male (62.2%), with approximately 35% being female. The service is most popular among young adults aged 18 to 30. In terms of transaction types, money transfers constitute 85.3% of all “Click” activities, while purchases account for 14.7%.
Launched by JoPAC in 2020, “Click” is an instant payment system that facilitates swift funds transfer between bank accounts and e-wallets across participating banks in Jordan. These developments underscore the growth of Jordan’s electronic payment landscape, reinforcing the role of digital services as reliable alternatives to traditional banking methods. Overall, last year’s total transactions through “Click” reached 83.9 million, valued at 12.1 billion Jordanian dinars.
In conclusion, while the “Click” payment system in Jordan exhibited a decline in both transaction value and volume in February 2023 compared to January, the overall user base continues to grow. The system’s popularity among the younger demographic and its role in the evolving digital economy highlight its significance as a secure and efficient payment option. With increasing adoption, the electronic payment sector in Jordan appears poised for further advancements.
Original Source: www.jordannews.jo
