Capital Bank will provide its most up-to-date points of sale devices that accept international Visa and MasterCard cards to all merchants in the Kingdom, each equipped with the most innovative security technologies operating on the latest Android system. The devices also offer competitive and exclusive advantages, as well as after-sales services and an electronic payment gateway. Capital Bank is also committed to upholding all guidelines put in place by the Central Bank of Jordan related to payment services, internal security and control features in its efforts to protect merchants and their e-business processes.

Through this latest service, Capital Bank continues its tireless work to provide its retail and corporate customers with complementary solutions and services that deliver a competitive edge, discounts, and innovative and effective ways to sell their products without relying on cash. This, in turn, will significantly contribute to an increase in their sales and a marked improvement in the services they provide their customers, ultimately raising productivity and operational efficiency. Additionally, users of the new service can make use of the comprehensive collection solution provided by Capital Bank through electronic payments, which gives the bank a further competitive advantage in the local market.

Speaking about this latest launch, Capital Bank Chief Digital Officer Zein Malhas said, "The bank's entry into the electronic payments market is in line with its comprehensive expansion strategy aimed at creating new digital banking channels and diversifying the sources of electronic payments as a way of remaining up to date with the developments in the banking sector. The move is also directly in line with the Central Bank of Jordan's strategy to increase financial inclusion and accelerate the digital transformation process as a means of reaching a cashless economy through the promotion of electronic payments.”

Malhas went on to add that Capital Bank consistently works to upgrade its corporate customer service experience through innovative banking services and solutions that line up with its strategy. This allows the bank to expand its activities both locally and regionally as well as identify further opportunities for growth, ultimately strengthening and consolidating its leading position. She identified the e-payments market as a prominent sector, one that has seen a marked uptick in business over the past several years, especially in light of the coronavirus pandemic, which increased the demand for digital services.

For more information, visit www.capitalbank.jo

About Capital Bank Group

Capital Bank Group is considered one of the top financial institutions operating in the Jordanian and regional markets, with assets of JOD 3.4 billion, while the total equity of its shareholders is approximately JOD 400 million.

Capital Bank Group includes; Capital Bank, which since its inception in 1995, has grown to become one of the top financial institutions in Jordan, offering the Jordanian market a comprehensive set of commercial and investment banking services and solutions tailored to the needs of retail and corporate clients alike.

In 2005, Capital Bank (Jordan) purchased majority shares of the National Bank of Iraq (61.85%), which enabled NBI to develop its products and services, strengthen its foothold and enhance financial inclusion at the country level, support export activities and provide all services to Jordanian companies operating In Iraq. As for Capital Investments, it is a wholly owned subsidiary of Capital Bank established in 2006 and offers specialized investment banking services to its clients through its offices in Jordan and the United Arab Emirates / Dubai International Financial Center (DIFC).

Before the end of 2020, in a bid to accomplish its expansion plans, Capital Bank Group took the full acquisition of Lebanese Bank Audi business in Jordan and Iraq.