Bank al Etihad partners with ecolytiq and Visa to integrate carbon insights tool into mobile banking app - Jordan News
Visa (NYSE: V) is a world leader in digital payments, facilitating transactions between consumers, merchants, financial institutions and government entities across more than 200 countries and territories. Our mission is to connect the world through the most innovative, convenient, reliable and secure payments network, enabling individuals, businesses and economies to thrive. We believe that economies that include everyone everywhere, uplift everyone everywhere and see access as foundational to the future of money movement. Learn more at About Visa, visamiddleeast.com/blog and @Visacemea About ecolytiq ecolytiq enables financial institutions and their customers to drive climate action. The ecolytiq product suite enriches a traditional banking experience with information to understand an individual's environmental impact, as well as personalised climate insights and actions to help measurably reduce one's carbon footprint. Having partnered with leading financial institutions such as Bank al Etihad and Visa, ecolytiq operates globally to leverage payment data for a better, more sustainable banking experience
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Jordan News
2 days ago
- Jordan News
2.59 Million E-Wallet Users in Jordan and 158% Growth in Transactions - Jordan News
Jordan's digital payments market is witnessing remarkable growth, reflecting a gradual shift towards a more inclusive and sustainable digital economy. According to Visa's data, the number of e-wallet users in the Kingdom reached approximately 2.59 million by the end of 2024, representing a significant portion of the country's population of about 11.5 million. اضافة اعلان These figures highlight the increasing adoption of financial technology as a key tool in the daily lives of both citizens and residents, according to Mario Makary, Vice President and Levant Area Manager at Visa, in an interview with Al-Ghad. Transactions through digital wallets recorded a record growth of 158% during the same year, the highest growth rate among all mobile payment services in Jordan. This surge reflects the accelerated shift in consumer behavior toward cashless payment solutions, particularly with the availability of secure, fast, and user-friendly services. This growth is also supported by the widespread use of mobile phones, which reached a penetration rate of 82.3% of the population at the beginning of 2025. This makes the Kingdom a fertile environment for the adoption of smart wallets such as Google Wallet, which has been expanding through strategic partnerships between global companies like Visa and Google, and official entities such as the Central Bank of Jordan. These developments align with the National E-Payments Strategy, which is part of the Jordanian government's plan to achieve comprehensive digital transformation, drive financial inclusion, and reduce reliance on cash. The Economic Modernization Program (2023–2025) aims to create an enabling digital environment that supports innovation in the fintech sector and attracts both local and international investments. In addition, regulatory authorities are working to strengthen trust in digital payments through legal and regulatory frameworks, such as the Digital Assets Transactions Regulation Law. This enhances Jordan's ability to keep pace with global financial advancements and provides a safe environment for the expansion of e-wallet services within the Kingdom.
Roya News
3 days ago
- Roya News
Astronomer CEO placed on leave after viral Coldplay concert scandal
A US-based tech company has placed its CEO, Andy Byron, on leave following a viral video from a Coldplay concert that fueled speculation about a possible workplace affair. The incident unfolded at Gillette Stadium in Foxborough, Massachusetts, where a couple was caught on the stadium's giant screen with their arms around each other. As their faces appeared before thousands of spectators, they quickly ducked to avoid the camera. Coldplay frontman Chris Martin jokingly commented on stage, "Either they're having an affair, or they're just very shy." The remark sent social media into a frenzy, with users speculating that the two were executives at the data platform company Astronomer. The TikTok video, showing the pair swaying to the music before quickly hiding, racked up millions of views and was widely shared across platforms, spawning memes and late-night TV jokes. - Company responds - Amid growing speculation, Astronomer released a statement on Friday announcing an internal investigation. As stated previously, Astronomer is committed to the values and culture that have guided us since our founding. Our leaders are expected to set the standard in both conduct and accountability, and recently, that standard was not met. Andy Byron has tendered his resignation, and… — Astronomer (@astronomerio) July 19, 2025 "Astronomer is committed to the values and culture that have guided us since our founding. Our leaders are expected to set the standard in both conduct and accountability," the company said. It also clarified that no other employees were involved and denied claims that Byron had issued a personal statement. Fake statements attributed to him had circulated online earlier in the week. Pete DeJoy, the company's co-founder and chief product officer, has been named interim CEO while the investigation continues.
Roya News
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Why is Trump lashing out at Brazil?
US President Donald Trump has announced a 50 percent tariff on Brazilian imports as he accused the country's leftist leadership of orchestrating a "witch hunt" against his right-wing ally, former leader Jair Bolsonaro. In a letter Wednesday to counterpart Luiz Inacio Lula da Silva, Trump insisted that Bolsonaro's trial -- for allegedly plotting a coup to hold on to power after 2022 elections he lost -- "should not be taking place." Trump has historically reserved his tariff ire for countries with which the United States runs a negative trade balance. Brazil is not one. Analysts say ideological considerations, not economics, are behind the US president's actions in defense of Bolsonaro, dubbed the "Trump of the Tropics." Firm friends "Brazil came up on Trump's radar now because Bolsonaro's trial is advancing and there are Republican lawmakers who brought the issue to the White House," Leonardo Paz, a political scientist at Brazil's Getulio Vargas Foundation, told AFP. Eduardo Bolsonaro, the former president's son and a Brazilian congressman, recently moved to the United States where he lobbies for pressure on Brasilia and the judges presiding over his father's coup trial. Lula blames Bolsonaro's son for troubling the bilateral waters, and Supreme Court Justice Alexandre de Moraes has ordered an investigation into whether the US-based campaign constitutes obstruction of justice. Moraes is an arch foe of Bolsonaro, who has labeled the justice a "dictator." US Secretary of State Marco Rubio spoke in May of a "great possibility" of sanctions against Moraes, who has clashed repeatedly with rightwingers and former Trump ally Elon Musk in a quest to stamp out online disinformation. Bolsonaro calls Trump a "friend" and says they are both victims of "persecution." 'Non-economic reasons' In his missive to Lula, Trump complained of "a very unfair trade relationship" with Brazil. But official Brazilian figures show a near two-decade sustained surplus in favor of the United States. Last year, it was almost $284 million. The United States is Brazil's third-largest trading partner after China and the European Union. It imports mainly crude oil and semi-finished iron and steel products from the South American powerhouse. Brazil in turn primarily imports non-electric engines and machines, and fuel from up north. In a sign of Brazilian business jitters, the Sao Paulo Federation of Industries called Thursday for a "calm" response to the "non-economic reasons" for Trump's tariffs. Lula has said Brazil would be willing to reciprocate, in spite of Trump's warning of further escalation if it did so. Free speech tussle Trump also complained of Brazilian "attacks" on free speech and "hundreds of SECRET and UNLAWFUL censorship orders to US media platforms" issued by Brazil's Supreme Court. Last month, the court toughened social media regulation, upping the accountability of platforms for user content in a groundbreaking case for Latin America on the spread of fake news and hate speech. Last year, Moraes blocked Musk's X platform for 40 days for failing to comply with a series of court orders against online disinformation. He had also ordered the suspension in Brazil of Rumble, a video-sharing platform popular with conservative and far-right voices -- including Trump's son Don Jr. -- over its refusal to block a user accused of spreading disinformation. Detractors accuse the judge of running a campaign to stifle free speech. BRICS brawl "It didn't help that the BRICS summit was held in Brazil at a time a narrative exists in the United States portraying the bloc as anti-Western," said Paz. Meeting in Rio de Janeiro, the group on Sunday spoke out against Trump's "indiscriminate" tariff hikes, prompting the president to threaten further trade penalties. Members China, Russia and India refrained from hitting back, but Lula took it upon himself to defend the "sovereign" nature of BRICS governments, insisting: "We don't want an emperor." Behind the scenes, Brasilia has been negotiating with Washington for months to try and avoid the worst of Trump's tariff war. A member of Lula's entourage told AFP that Trump's attack on Brazil was partly inspired by "discomfort caused by the strength of the BRICS," whose members account for about half the world's population and 40 percent of global economic output.
