The “Click” payment system in Jordan recorded a total of 20.22 million transactions valued at 2.61 billion dinars through February. However, February saw a 4.3% decline in transaction value compared to January. The user base increased to 1.74 million, with a strong male majority among users. The platform predominantly serves money transfers, accounting for 85.3% of transactions. Despite transaction declines, it showcases the growth of digital payments in Jordan.
As of February of this year, the “Click” payment system in Jordan recorded 20.22 million transactions, amounting to a total value of 2.61 billion Jordanian dinars, according to data from the Jordanian Payment and Clearing Systems Company (JoPAC). This reflects the ongoing usage of electronic payment systems in the region.
However, the total value of transactions using “Click” declined to 1.28 billion dinars in February, experiencing a 4.3% drop from January’s value of 1.33 billion dinars. Furthermore, the total number of transactions also saw a decrease, with February reporting 9.9 million transactions, down by 4% from 10.32 million in January.
Despite the drop in transaction value and volume, the user base for “Click” increased to 1.74 million, marking a growth of 2% in February. Notably, 96.3% of users are Jordanian citizens, totaling approximately 1.6 million, while 65,000 users belong to other nationalities.
Additionally, the user demographic indicates a male majority at 62.2%, with females constituting around 35%. The most active demographic is the youth aged 18 to 30, highlighting the platform’s appeal among younger individuals.
Transaction types reveal that money transfers dominate the platform, accounting for 85.3% of all transactions, while purchases represent 14.7%. Launched in 2020, “Click” offers an instant payment solution that facilitates swift transfers between bank accounts across participating institutions and e-wallets.
These trends underline the growth of the digital payment sector in Jordan, positioning digital services as a secure and effective alternative to traditional payment methods. The shift towards a more advanced digital economy aligns with global technological advancements. Last year, the “Click” system recorded 83.9 million transactions, totaling 12.1 billion Jordanian dinars in value.
In summary, the “Click” payment system in Jordan, despite recent declines in transaction value and numbers, continues to expand its user base and demonstrate robust growth potential. The majority of users are Jordanian, with a significant inclination towards money transfers, indicating the platform’s effectiveness. Overall, the situation reflects the evolution of the digital economy in Jordan, emphasizing digital solutions in financial transactions.
Original Source: www.jordannews.jo
