Jordan Ahli Bank and Thought Machine a Groundbreaking Social Payment App
According to Finextra, Jordan Ahli Bank proudly introduces Qawn, the first-of-its-kind social payment app in Jordan, designed to revolutionize the way users send and receive money while incorporating built-in chat capabilities. Available for download on Android and iPhone devices, Qawn offers a range of innovative financial services catering to individual users and merchants.
Qawn integrates seamlessly with CliQ, a local payment switch in Jordan, enabling businesses to accept payments at reduced costs. Moreover, Qawn empowers Jordanians to remotely open a bank account, eliminating the need to visit a branch, thanks to its streamlined onboarding process that takes only five minutes to complete.
Running on Vault Core, the cloud-native core banking platform developed by Thought Machine, Qawn harnesses the power of the Universal Product Engine. This allows financial institutions, such as Jordan Ahli Bank, to build and launch customized financial products to meet the specific needs of their customers. Vault Core operates in real time and seamlessly integrates with other cutting-edge technology platforms via APIs.
Nidal Khalifeh, Chief Innovation Officer at Jordan Ahli Bank, emphasized Qawn’s vision, stating, «Our aim is to help people prosper by creating a social financial experience that addresses real-life problems with cutting-edge technology. Money is inherently social, and we want to reinvent digital money with a social aspect. Our app is designed to be secure, user-friendly, and to offer guidance with a focus on technology.»
Qawn adopts a user-centric approach, allowing individuals to easily send and receive money, request payments through chat, and utilize QR (Quick Response) scans for hassle-free financial management. With support for both Arabic and English languages, Qawn ensures accessibility for a diverse user base.
Dr. Ahmad Alhussien, CEO of Jordan Ahli Bank, added, «We are committed to enhancing our users’ financial experiences and guiding them toward prosperity and growth. Our brand strategy revolves around honesty, transparency, and actively addressing real-life issues by listening to our users.»
Qawn also caters to businesses of all sizes, offering seamless integration with CliQ for efficient payment acceptance and financial management. Business users can conveniently download the app on any device and complete the onboarding process in minutes.
Saad Mouasher, the Chairman of Jordan Ahli Bank, announced, «Our bank was recognized by Fortune Magazine as one of the top 50 companies that are changing the world in 2020, thanks to our shared prosperity model. This model reflects our Qawn vision, which aims to help people thrive and grow. We use the term ‘people’ instead of ‘clients’ to emphasize our inclusive and holistic approach. Qawn will be a platform that creates value and opportunities for everyone.»
Paul Taylor, CEO and founder of Thought Machine, expressed his excitement about the partnership with Jordan Ahli Bank, highlighting the shared vision for the future of financial services. He stated, «There is a huge opportunity to transform the way financial services are delivered across the Middle East, with modern technology at the forefront. Bringing Qawn to the market is just the start—we look forward to expanding our partnership with Jordan Ahli Bank to bring further innovative financial solutions to Jordan and other parts of the MENA region.»