In early 2023, Jordan’s “Click” payment system recorded 20.22 million transactions worth 2.61 billion dinars. February showed a 4.3% drop in transaction value to 1.28 billion dinars and a 4% decrease in volume with 9.9 million transactions. User growth persists, reaching 1.74 million, mainly Jordanian males aged 18-30, with money transfers making up 85.3% of the transactions.
From the beginning of this year until February’s end, the “Click” payment system in Jordan has recorded 20.22 million transactions, totaling 2.61 billion Jordanian dinars. This data stems from the Jordanian Payment and Clearing Systems Company (JoPAC).
In February, the monetary value of electronic payments through “Click” fell to 1.28 billion dinars, marking a 4.3% decrease from January’s value of 1.33 billion dinars. Additionally, February saw 9.9 million transactions, down 4% from the 10.32 million in January.
The user base for “Click” has expanded, with 1.74 million users reported in February, representing a 2% increase. Among these users, 96.3% are Jordanians, equating to 1.6 million individuals. Non-Jordanian users amount to 65,000, or 3.7% of total users.
Demographics show that 62.2% of “Click” users are male, while females account for about 35%. Young adults aged 18 to 30 form the most active demographic in utilizing the service.
Transaction types indicate that money transfers constitute 85.3% of all activities on “Click,” and purchases account for 14.7%. Introduced in 2020 by JoPAC, “Click” enables immediate fund transfers between bank accounts and e-wallets across participating banks in Jordan.
These insights portray a significant advancement in Jordan’s electronic payment sector, underscoring digital services as a secure, efficient alternative to traditional methods. The growth aligns with the global trend towards a more advanced digital economy.
Last year’s total transactions via “Click” reached 83.9 million, valued at 12.1 billion Jordanian dinars.
The “Click” payment system in Jordan showcases notable growth in user adoption despite a recent decline in transaction values. With a strong male user base and young demographic engagement, the platform continues to evolve within the electronic payment sector. The overall trend indicates a growing preference for digital transactions, reflecting a shift toward a more advanced digital economy in Jordan.
Original Source: www.jordannews.jo
