In 2014, Umniah launched UWallet in cooperation with several strategic partners, under the name National Mobile Payment Switch as AlHulool for Mobile Payments. UWallet, which is based in Amman, Jordan, is a licensed payment service provider by the Central Bank of Jordan and provides electronic payment operations backed by more than 24 years of technical expertise. UWallet’s launch was directly in line with the electronic payment expansion strategy and is part of an innovative vision to lead the Jordanian market in achieving financial inclusion.

This partnership formed an integrated consortium that included, along with Umniah, which owns the largest share at 66%, six major Jordanian banks (Cairo Amman Bank, Bank of Jordan, Bank Al Etihad, Arab Jordan Investment Bank, Jordan National Bank, and Housing Bank) along with Network International, the world’s leading financial services company (formerly known as EMP), as well as the Women’s Fund Company, and the Women’s Fund for Microfinance, both which are specialized in entrepreneurial support.

 Subsequently, UWallet was launched as the company’s new trademark product, offering an innovative digital transaction platform.

UWallet, previously branded as Mahfazati, provides its users with a new, safe and effective way to make instant electronic payments, enabling them to use their mobile phone to process payments, make purchases, and transfer funds directly from person to person. This innovative technology reduces the need to deal with currency, limits the risks of losing money, along with numerous other advantages, and is especially beneficial for those with no access to traditional banking services.

Through UWallet, customers are better served within an integrated and effective environment that provides cutting-edge financial and digital services such individual financial transfers, bulk transfers and bill payments. Today, UWallet is a leader in the local digital financial transactions market, serving clients nationwide across the entire spectrum of sectors.