Petra Mobile Payment Services, known as Orange Money, has signed a memorandum of understanding with LivaatVerse, the first Arab Metaverse platform, to officially mark the entry of the mobile wallet into the Metaverse by building its digital twin using LivaatVerse technology and becoming the exclusive mobile wallet of Jordan for financial transactions in LivaatVerse.
Engineer Sami Smeirat, president of Orange Money, emphasized that this step is in line with Orange Money’s strategy of adopting the latest technological developments to be a multi-service operator, and noted that Orange Money became the first number of open wallets to exceed 700 thousand , and the largest in volume of transactions, according to data from official sources, and the largest among PSPs in Jordan.
Mr. Wilfred Yver, Managing Director of Digital, Data, Innovation and Money at Orange Jordan, said Orange Money’s milestones in a record period reflect Orange Jordan’s continued efforts to remain at the forefront of digital transformation and embody its strong belief in the role of Orange. Money as an integrated digital solution that facilitates fast and secure financial transactions in Jordan.
Engineer Hiba Al Shareef, General Manager of Orange Money, stated that the company will continue to be a pioneer in enriching the mobile payments sector, noting that the new step is aligned with the steps and strategic vision of Orange Money to be the first provider of mobile wallets . , and among the first international pioneers, to enter the Metaverse and offer digital payment solutions on their platforms.
Mr. Walid Hamdan, CEO and Partner of Ultra Brains Investment & Trading Group (UBITC), said that through this step, Orange Money will play an integral role in developing the infrastructure for the mobile payments industry towards a smart and sustainable future, in in line with the rapid development. Payment gateways for all sectors based on reality simulation technology will soon be established, to ensure a safer environment and increase the number of people making digital payments online in LivaatVerse, he added.
For his part, Mohamed Ismail, co-founder of UBITC and owner and developer of LivaatVerse, said: “The presence of Orange Money in LivaatVerse will be the support that companies in all sectors need to stay abreast of the latest and most advanced technological advances. and use these advances to build fast and sustainable means of communication and interaction, supported by virtual reality, augmented reality and artificial intelligence technologies, to facilitate the work of providers in this sector.
LivaatVerse was created to be an actual metaverse that aims to serve the community. The developer has come a long way in building the infrastructure for the Metaverse, which comprises integrated units that support and manage this virtual world, of which Orange Money will be a part, according to the agreement.