Orange Money & MEICO Sign MoU to Develop Innovative InsurTech Services

Orange Money, the e-wallet owned by Orange Jordan, and Middle East Insurance Company (MEICO) signed a strategic Memorandum of Understanding (MoU) to develop insurance services and products that offer an innovative digital experience that is easily accessed and can be purchased via the wallet’s app. This partnership comes as part of the cooperation framework aimed at promoting innovation in the insurance technology (InsurTech) field and fostering insurance inclusion for different segments of users.

The MoU was signed by the Chairman of Orange Money, Eng. Philippe Mansour, and the Chairman of MEICO, Mr. Zeid Kawar, in the presence of the CEO of Orange Money, Eng. Hiba Al Shareef, the General Manager of MEICO, Eng. Majed Smairat, and representatives from both parties.

As part of the agreement, MEICO’s "Haseen" product will be integrated into Orange Money’s wallet to offer innovative insurance services to contribute to serving society, enhancing insurance inclusion, and accelerating digital transformation. The newly launched online product is the fruit of last year’s hackathon, organized by the UNDP in partnership with the Central Bank of Jordan, the Jordan Insurance Federation, the Institute of Banking Studies, and the FinTech Academy, to develop advanced insurance products.

Commenting on the partnership, the CEO of Orange Jordan and Chairman of Orange Money, Eng. Philippe Mansour, said that the collaboration focuses on the integration of FinTech solutions with the insurance ecosystem, allowing the wallet’s users to benefit from broad insurance coverage designed to suit their needs. He added that this step also solidifies the company's unwavering commitment to developing secure and seamless digital payment solutions that align with the National Financial Inclusion Strategy, led by the Central Bank of Jordan, while supporting the Kingdom’s vision towards advancing the digital economy.

For her part, the CEO of Orange Money, Eng. Hiba Al Shareef, said: "This partnership embodies everything we stand for at Orange Money. Our core pillars center on providing comprehensive digital financial services built on efficiency and financial inclusion backed by the highest standards of digital protection. This strategic cooperation also reinforces our commitment to create a positive impact on our local communities while continuing to give our customers equal opportunities to improve the quality of life. Advancing insurance inclusion is a key step toward a new world of innovation that accelerates the digital transformation journey in Jordan."

On his side, the Chairman of the Board of Middle East Insurance Company, Mr. Zeid Kawar, said: "This partnership reflects Middle East Insurance Company's vision of building a more advanced and inclusive insurance ecosystem, driven by innovation and collaboration with strategic partners who deliver real value to customers. We believe that the integration of insurance and digital financial services will create new opportunities to expand access to insurance solutions, support economic development, and contribute to Jordan's ongoing digital transformation."

Meanwhile, the General Manager of Middle East Insurance Company, Eng. Majed Smairat, added: "This partnership marks another strategic milestone in Middle East Insurance Company's digital transformation journey and reflects our commitment to developing innovative insurance solutions that make protection more accessible, convenient, and flexible. Through our collaboration with Orange Money, we aim to expand access to our services through trusted digital channels, enhancing insurance inclusion and elevating customer experience in line with our vision of delivering modern insurance solutions that meet the evolving needs of society and keep pace with the rapid advancements in financial technology."

It is noteworthy that Orange Money is one of the most prominent e-payment service providers in Jordan, with more than 1.7 million registered wallets and a market share exceeding 50%. Additionally, the wallet recorded the highest volume and value of CliQ system financial transactions, reflecting its crucial role in supporting the Kingdom’s transformation journey towards a more efficient, inclusive digital economy.

To learn more, please visit our website: orange.jo/orange-money

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About Orange Jordan

Orange Jordan, with around 1,600 employees across nearly 300 shops and locations throughout the Kingdom, strives to provide the best customer experience through an integrated set of digital solutions, including fixed lines, mobile lines, internet, data, and Smart Life Solutions, serving more than 5 million customers in Jordan, guided by the company’s values of Caring, Responsible and Bold.

Orange Jordan is a subsidiary of Orange Global Group, which is present in 26 countries worldwide. The company operates in line with the Group’s strategy and prioritizes community service. In this context, it implements a comprehensive CSR strategy centered on four pillars, including Digital Education, Digital Inclusion, Entrepreneurship, and Climate and Environment.

As a trusted partner, Orange gives everyone the keys to a responsible digital world, which reflects the company’s purpose. Its main driver is its vision to be the true responsible digital leader in Jordan, while continuing its mission of offering the best network and innovative digital solutions, with an unmatched customer experience by empowered Orange teams.

Digital solutions offered by Orange Jordan are comprehensive, serving, in addition to individual customers, businesses and companies through a range of enterprise and corporate sector solutions under its sub-brand, Orange Business.

To learn more, please visit our website: www.orange.jo.

About Orange Money

Launched in January 2020 by Orange Jordan’s subsidiary Petra Mobile Payment Services, Orange Money has solidified its position as Jordan’s leading electronic wallet and largest Payment Service Provider (PSP). The e-wallet holds a market share exceeding 50% with more than 1.7 million registered wallets and is ranked number one in the Kingdom for CliQ transaction volume and value. Orange Money operates under the supervision and regulatory framework of the Central Bank of Jordan.

Orange Money’s e-wallet application is available to subscribers of all local mobile networks through free self-registration, the app offers a comprehensive digital financial ecosystem that encompasses various features, including bill settlements, local and international transfers, QR payments, e-vouchers, savings sub-account, business APIs, and a companion Visa card for global shopping.

Driven by high user satisfaction and strong alignment with the Central Bank’s national financial inclusion strategy, Orange Money delivers significant socio-economic impact by empowering women, unbanked populations, and enterprise customers alike through safe, fast, accessible, and continuously evolving digital payment solutions.

About Orange Group

Orange is one of the world’s leading telecommunications operators with 40.3 billion euros in revenues in 2024 and 124,100 employees worldwide by 30th September 2025, including 68,000 employees in France. The Group has a total customer base of 310 million customers worldwide as of 30th September 2025, including 270 million mobile customers and 23 million fixed broadband customers. These figures account for the deconsolidation of certain activities in Spain following the creation of MASORANGE. The Group is present in 26 countries (including non-consolidated countries).

Orange is also a leading provider of global IT and telecommunication services to multinational companies under the brand Orange Business.

Orange is listed on Euronext Paris (symbol ORA).

For more information, please visit: www.orange.com, www.orange-business.com and follow us on X: @orangegrouppr.

Orange and any other Orange product or service names included in this material are trademarks of Orange or Orange Brand Services Limited.

About Middle East Insurance Company

Founded in 1962, Middle East Insurance Company (MEICO) is one of Jordan's oldest and largest insurance providers. A publicly listed company on the Amman Stock Exchange, MEICO has built a distinguished track record spanning more than six decades of financial strength, stability, and leadership in the Jordanian insurance sector.

The Company offers a comprehensive portfolio of insurance solutions for both individuals and businesses, covering General Insurance and Life Insurance through its headquarters in Amman and an extensive branch network across the Kingdom. MEICO remains committed to delivering innovative services and an advanced digital customer experience that meets the evolving needs of its clients.

MEICO ranks first in Marine & Cargo Insurance, Engineering Insurance, and Bancassurance, second in Property Insurance, and fourth in Life Insurance. It is also the only insurance company in Jordan offering Ocean-Going Hull Insurance. The Company has the largest shareholders' equity in the Jordanian insurance market and maintains an outstanding solvency margin of 263%, significantly exceeding the regulatory requirements set by the Central Bank of Jordan.

Throughout its journey, MEICO has increased its capital tenfold through internally generated profits, achieved cumulative pre-tax profits exceeding JOD 62 million, and paid more than JOD 300 million in claims. Today, the Company serves more than 74,000 customers and generates annual written premiums exceeding JOD 42 million.

MEICO continues to invest in digital transformation, innovation, and talent development. It employs the largest number of professionally certified insurance specialists in the Jordanian market and was among the first insurers in Jordan to introduce Bancassurance, Travel Insurance, and Roadside Assistance services. As part of its commitment to sustainability and corporate social responsibility, the Company's headquarters became the first commercial building in Jordan to receive the LEED Gold certification from the U.S. Green Building Council.

For more information, please visit: meico.com.jo

Follow us on social media: @middleeastinsurancecompany

About Middle East Holding Company

Founded in 2022, Middle East Holding Company (ME Holding) is a publicly listed company on the Amman Stock Exchange, established to lead a new phase of growth and expansion for the Middle East Group through a diversified investment model focused on creating sustainable shareholder value and contributing to Jordan's economic development.

The Company oversees a diversified portfolio of subsidiaries, led by Middle East Insurance Company (MEICO), alongside specialized companies in financial investment, management consulting, and real estate development, including Levant Gate Management Consultancy and Levantine Real Estate Development Company. Expanding its footprint into future-focused sectors, ME Holding is also a strategic partner in Infinity Jordan—a joint venture with Infinity Egypt, Africa's largest and fastest-growing electric vehicle charging network. The partnership aims to develop and operate a nationwide EV charging infrastructure across Jordan, reflecting the Group's commitment to sustainable investments and smart infrastructure.

ME Holding pursues a long-term investment strategy built on sound corporate governance, diversification, innovation, and sustainability, enabling the Group to expand into new business sectors, enhance investment flexibility, and generate sustainable returns for its shareholders in line with evolving economic and regulatory landscapes.

The Company is led by a Board of Directors comprising distinguished leaders with extensive expertise across banking, financial services, investment, industry, real estate, agriculture, tourism, and legal sectors. This diverse experience supports the Group's strategic direction and reinforces its position as a leading Jordanian investment group.

ME Holding continues to invest in future growth opportunities by building strategic partnerships, strengthening its portfolio companies, and advancing innovation and digital transformation, further enhancing the Group's competitiveness and reinforcing its role as a key contributor to Jordan's economic development.

For more information, please visit: meholding.me

Follow us on social media: @meholding.me