MadfooatCom is a FinTech company established in 2011 at Oasis500 to disrupt the cash payments in the emerging markets, in 2014 we won the Central Bank of Jordan’s project to build and operate eFawateerCom, the national electronic bill presentment and payment service in Jordan which is today connected to more than 92% of the banks, more than 100 billers including all telecom, utilities, government and private sector billers (e-Gov, ministry of Finance, social security, traffic tickets, customs….) and processed till date more than 4.5 million bills with value of 2.5 billion USD of payments.
The government of Jordan decided to use eFawateerCom for all of its payments and by end of 2017 more than 10 government services will stop using cash and transform to ePayments using eFawateerCom in a government plan to digitize all government services and payments by 2020.
We are now expanding to other countries (Algeria, Kenya…).
MadfooatCom is a member of Endeavor global network and EO.