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Dinarak

#Payment Service Provider

Dinarak was established in 2014 with the aim of becoming an authorized payment service provider within the innovative “JoMoPay” system of the Central Bank of Jordan. Dinarak strives to […]

Payment methods N/A

Market coverage 1
  • Jordan
Description

Dinarak was established in 2014 with the aim of becoming an authorized payment service provider within the innovative “JoMoPay” system of the Central Bank of Jordan. Dinarak strives to be the most cost-effective solution in the market, offering user-friendly systems that can even work with basic mobile phones, and boasting the widest network of physical agents nationwide.

In 2016, the company obtained a full license from the Central Bank and has since focused exclusively on developing an offering, brand, and network that directly target financially underserved individuals.

Dinarak's features

  • 3D Secure
  • Chargeback management
  • Chargebacks
  • Partial Captures
  • Partial Refunds
  • Payin
  • Payout
  • Recurring Transaction
  • Recurring Transactions
  • Refunds

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Note that the payment methods offered by each bank or payment service provider may vary depending on the country and the type of account or service.

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Frequently Asked Questions

What is a Payment Aggregator (#PA)?2023-09-14T14:17:02+02:00

A PA is a company that enables merchants to accept payments through a single account. They aggregate transactions from multiple merchants into a single merchant account and facilitate payouts.

What is a Payment Facilitator (#PayFac)?2023-04-18T18:56:26+02:00

A PayFac is a company that simplifies the payment process for sub-merchants by providing a unified platform. They act as a middleman between the sub-merchant and the acquiring #bank and handle all the necessary compliance and underwriting processes.

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