What is an e-wallet And other questions to get started

As the world is evolving, new technologies are constantly developed to make our lives better and easier. The way we pay for things now is not the same as a few years ago. Back then, we were mainly dependent on cash to pay for groceries, clothes, food, tools, etc. This payment option has multiple disadvantages that make it less ideal, such as being a good target for thieves, losing the cash, spending all the cash before buying the items you intended to, carrying banknotes that contain more germs, etc.

That’s why introducing a more convenient and fast method was necessary, such as e-wallets. The use of e-wallets in the Kingdom has surpassed 1 million, according to the Jordan Payments and Clearing Company (JoPACC), with about 600,000 e-wallets having been registered in early 2020 due to the COVID-19 pandemic.

E-wallet Simply Defined

E-wallets, also known as digital wallets, are an electronic payment method that allows users to pay using their smartphones. Users can easily use e-wallets to shop online, purchase different items on the internet, pay for bills, and more.

How E-wallets Work?

E-wallets are composed of two parts: software that is installed on smartphones and the information users provide on the software. This information includes name, payment method, address, amount of money, etc. Meanwhile, the software saves this data and secures it with encryption. After installing the software on, filling in the needed information, and finally verifying the account, users can top up the e-wallets with the desired amount of money to purchase items and pay for bills. By visiting Abu Sheikha Exchange, you can easily top up your wallet, withdraw any amount, or issue a Mastercard.

How to Easily Open an E-wallet with Abu Sheikha Exchange?

Abu Sheikha Exchange has partnered with the most trusted e-wallet services in Jordan, such as Zain Cash, Dianrak, and Orange Money to help people open and use e-wallets easily and simply.  With Abu Sheikha Exchange, you can open an e-wallet account without paying any extra charges as well as no fees will be applied on the deposits you add to your wallet. You can simply get started with your e-wallet by following these simple steps:

1. Visit your nearest Abu Sheikha Exchange branch with your ID. (Find your nearest branch here)

2. Make sure you have your ID.

3. Fill out the required form to open an account.

4. Wait until your account is activated.

5. Deposit money to pay your bills through the wallet app.

If you want to learn more about how to open e-wallets for the following services: Zain Cash, Orange Money, and Dinarak,  or Uwallet please check this link.

Why You Should Use Abu Sheikha Exchange for E-wallet Services?

With more than 25 years of experience, Abu Sheikha Exchange has become reliable and trusted by thousands of customers across the Kingdom. We understand our customers’ money needs and always seek to fulfill them through providing a wide range of dedicated and reliable financial services.  Countless customers choose to open their e-wallets through our services because we always promise to make the process easy, simple, and charges-free. 

Abu Sheikha Exchange operates in 17 different branches across Jordan that operate all week long until midnight, including weekends and holidays. So, whenever you need us, you will find us at your service.

Not only this, but you can also open your e-wallet account through simple steps. Our highly trained staff will take you step-by-step through the process to ensure that everything will work seamlessly. They will also explain all instructions for you so that you can start using the e-wallet right away.