Dinarak
- Company typePrivate
- Founded2014
- HeadquartersAmman, Jordan
- Headcount51–100
- GTM typeB2B and B2C
- OfferingServices
Dinarak firmographics
Firmographics- Name
- Dinarak
- Legal name
- Al Mutakamileh for Mobile Payment Services through the Mobile Device
- Website
- https://dinarak.com
- Company type
- Private
- Founded year
- 2014
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Ownership category
- akta.pro rank
Dinarak industry classification
Industry- Product category
- Mobile Payment Services
- NAICS
- Financial Transactions Processing, Reserve, and Clearinghouse Activities (52232)
- SIC
- Finance Services (6199)
- akta.pro primary industry
- General-Purpose Digital Wallets (P2P + Merchant) (FSAMAEAA)
- akta.pro secondary industries
- Digital Wallet Platforms (Consumer & Merchant) (BPAMAFAC), Merchant / Closed-Loop Wallets (Retail & Marketplace) (FSAMAEAF)
Keywords
Where Dinarak is headquartered
LocationHeadquarters
- HQ city
- Amman
- HQ country
- Jordan
- HQ region
- Middle East
Offices2 records
Markets served
Dinarak business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Operations, Personnel, Technology or R&D, Marketing or Sales, Infrastructure
Revenue model
- Transaction Fees - Cash Withdrawals: Fees charged for cash withdrawals at agents and ATMs, ranging from 0.5 JD to 1 JD depending on amount and channel.
- P2P Transfer Fees: Free transfers between Dinarak customers; transfers to non-Dinarak wallets charged 0.10-0.25 JD based on amount.
- Mastercard Issuance and Replacement: 5 JD fee for new card issuance and 5 JD for lost/stolen/renewal replacement cards.
- Dormant Account Fees: 1 JD monthly fee for dormant accounts (increasing to 2 JD from February 2026).
- Business/Merchant Solutions: Merchant fees for payment acceptance, payroll disbursements, and microfinance integration services.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Freemium | Pay-as-you-go | Free Services |
| Transaction based/ take rate | Pay-as-you-go | Agent Cash Withdrawal Fees |
| Transaction based/ take rate | Pay-as-you-go | ATM Cash Withdrawal |
| Transaction based/ take rate | Pay-as-you-go | P2P Transfer to Non-Dinarak Wallets |
| One time/ perpetual license | Pay-as-you-go | Dinarak Mastercard Card |
| Subscription | Monthly | Dormant Account Fee |
Go-to-market motion3 records
Distribution channels6 records
Marketing channels5 records
Dinarak product offering
Product offeringCore offering
Dinarak operates a licensed mobile e-wallet under the Central Bank of Jordan's JoMoPay National Switch that lets individuals and businesses make instant money transfers, pay bills, deposit and withdraw cash, accept merchant payments, and disburse salaries and microfinance loans via smartphone apps or USSD/IVR/SMS on any mobile phone. The company also issues a Mastercard-branded prepaid card linked directly to the wallet for online, POS, and ATM use.
Differentiator
Problem solved
Functional benefit
Products and services
- Personal E-Wallet Mobile e-wallet for individuals allowing instant money transfers, bill payments, cash deposits and withdrawals at agents and ATMs, and merchant payments without requiring a bank account; identified by mobile phone number and accessible via smartphone app or USSD/IVR/SMS.
- Business Solutions
Quantifiable outcome
- Users save more than 10 JOD per month (120 JOD per year) thanks to Dinarak e-wallet
- +3 more outcomes
Companies that use Dinarak
Customer profileNamed customers5 records
Segments6 records
Ideal customer profiles5 records
Dinarak technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration12 records
Feature5 records
Dinarak partnerships and signals
Strategic signalPartnerships
Five partnerships are on record, tiered core and minor.
- MastercardcoreStrategic collaboration announced July 2025 to enable digital payment acceptance and drive financial inclusion in Jordan. The scope involves digital-first multi-currency prepaid cards and premium prepaid cards. Mastercard will provide global expertise and capabilities to co-create localized solutions, accelerating digital transformation and expanding reach to underserved populations.
- AWEF (Arab Women's Enterprise Fund)minorPartnership to improve penetration of Dinarak e-wallet among women customers. Supported launch of first female agent network in Jerash governorate in early 2018, recruiting 30 women small business owners as agents to serve female customers.
- GIZ (Deutsche Gesellschaft für Technische Zusammenarbeit)coreFormal cooperation agreement signed March 2017 for the Digi#ances Partnership Initiative, aimed at financial inclusion of low-income, unbanked Jordanians and Syrians through mobile payment services in northern Jordan. The 18-month project improves awareness of digital financial services with particular focus on female users. Project will develop national digital remittance services for cross-border remittances.
- Central Bank of Jordan (JoMoPay)coreDinarak operates as a licensed payment services provider under the Central Bank of Jordan's JoMoPay National Mobile Payment Switch. The system acts as a central messaging system between payment services providers for real-time, controlled and audited transactions. CBJ performs clearing and settlement through connected settlement bank accounts.
- eFAWATEERcomcoreIntegration with eFAWATEERcom national bill payment system enabling online payment of over 90+ billers including utilities (electricity, water), telecommunications (Orange, Zain, Umniah), government services, customs, and more directly from Dinarak accounts.
Scale indicators12 records
Recent moves8 records
Expansion highlights4 records
Dinarak competitors and assessment
Company assessmentDirect peers
- Zain Cash: Zain Group's mobile money wallet operating in Jordan and other MENA markets; competes head-to-head with Dinarak for unbanked Jordanian consumers and merchants through a similar agent-based distribution model.
- Orange Money Jordan: Orange Jordan's mobile money service offers P2P transfers, bill pay, cash-in/out and merchant payments through telco-distributed agents, directly competing for the same unbanked customer base as Dinarak.
Broad incumbents
- M-Pesa (Vodafone): The global benchmark for telco-led mobile money, operating across Africa, South Asia and now expanding elsewhere; comparable in agent distribution model and unbanked customer focus, with vastly greater scale.
- Paytm: Large-scale Indian mobile wallet and payments platform offering P2P, bill pay, merchant acquiring and financial services; comparable product breadth, though serving a far larger and more competitive market.
Emerging players
- bKash: Bangladesh's leading mobile financial services platform serving tens of millions of unbanked users via a large agent network; directly comparable in financial-inclusion mandate, agent economics, and merchant services.
- Telda: Egyptian neobank offering a mobile-first account, prepaid card, and P2P payments targeting young, underbanked consumers; comparable customer segment and digital-first distribution approach in a regional MENA market.
- GCash: Philippines-based mobile wallet with tens of millions of users offering bill pay, merchant QR, and savings; similar prepaid card-linked wallet model and broad agent/cash-in network as Dinarak.
- OVO: Indonesia's largest e-wallet offering payments, merchant acquiring and financial services; comparable in consumer wallet-plus-merchant model with Mastercard-linked card products.
- Wave (Sendwave): Mobile money operator in West Africa focused on cross-border remittances and unbanked users; comparable in low-cost digital transfer proposition targeting financially excluded populations.
Regional players
- e& money (Etisalat): Etisalat/e&'s regional digital wallet and payments service operating across MENA, comparable in mobile-money offering to unbanked consumers in a similar regulatory environment to Jordan.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
Dinarak social profiles
Digital presenceDinarak financial estimates
Financial estimateRevenue estimate
Valuation estimate
Dinarak leadership team
Management profileNumber of profiles
Profiles10 records
Dinarak funding detail
Funding detailFunding overview
Funding rounds2 records
Investors2 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Dinarak M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Dinarak
What does Dinarak do?
Dinarak operates a licensed mobile e-wallet under the Central Bank of Jordan's JoMoPay National Switch that lets individuals and businesses make instant money transfers, pay bills, deposit and withdraw cash, accept merchant payments, and disburse salaries and microfinance loans via smartphone apps or USSD/IVR/SMS on any mobile phone. The company also issues a Mastercard-branded prepaid card linked directly to the wallet for online, POS, and ATM use.
Is Dinarak a public or private company?
Dinarak is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Dinarak founded?
Dinarak was founded in 2014. It employs 51 to 100 people.
Where is Dinarak based?
Dinarak is headquartered in Amman, Jordan, in the Middle East region.
How does Dinarak make money?
Five revenue lines are on record. Transaction Fees - Cash Withdrawals are the primary driver. The others are P2P Transfer Fees, mastercard Issuance and Replacement, dormant Account Fees and business/Merchant Solutions.
Who are Dinarak's main competitors?
Direct peers on record are Zain Cash and Orange Money Jordan. Broad incumbents are M-Pesa (Vodafone) and Paytm. Emerging players are bKash, Telda, GCash, OVO and Wave (Sendwave). e& money (Etisalat) is listed as a regional player.
Does Dinarak have an API?
No public API is recorded for Dinarak.
What industry is Dinarak in?
Dinarak's product category is Mobile Payment Services. Its primary akta.pro industry code is FSAMAEAA, General-Purpose Digital Wallets (P2P + Merchant), with a secondary code of BPAMAFAC, Digital Wallet Platforms (Consumer & Merchant). Its NAICS code is 52232 and its SIC code is 6199.