Published Date : 9/4/2025Â
IrisGuard, a leading provider of biometric solutions, has entered into a groundbreaking partnership with Cairo Amman Bank (CAB) in Jordan to launch a nationwide iris biometrics-based system for salary payments. This innovative system, known as the EyePay Network, is designed to serve unbanked workers, ensuring they can receive their wages securely and efficiently using iris recognition technology.
The EyePay Network marks a significant milestone in Jordan, as it is the first of its kind in the country. The system aims to transform financial access by eliminating the need for physical IDs and bank accounts, thereby protecting vulnerable workers from ID theft, wage misdirection, and administrative errors. This initiative also promotes financial inclusion by extending banking services to those who are traditionally excluded from the formal financial sector.
According to IrisGuard, the system works by enrolling workers at their workplace using iris scans. Once enrolled, workers can collect their salaries from licensed money exchangers across the country without the need for a physical ID or bank account. This not only enhances security but also streamlines the payroll process, making it more efficient and reliable.
Managing Director and Founder of IrisGuard, Imad Malhas, emphasized the transformative impact of the EyePay Network. “This is about transforming financial access at the source. By eliminating the need for bank accounts and physical IDs, our EyePay Network platform does not only protect vulnerable workers, but we are also changing how payroll can operate at scale securely and efficiently,” he stated.
Prior to this partnership with CAB, IrisGuard has already deployed its EyePay Network in various parts of the region, serving unbanked blue-collar workers. The system has been particularly successful in Jordan, where it has been adopted by one of the country's top garment manufacturers, United Creations. The company has used the EyePay Network to streamline salary payments for its workers, ensuring timely and secure disbursements.
The EyePay Network is also used by money exchangers and remittance agents for direct bank account settlements, eliminating the need for cash reserves. This not only enhances operational efficiency but also reduces the risks associated with handling large amounts of cash.
IrisGuard has been a major player in Jordan's digital transformation since its establishment in 2001. The company has played a pivotal role in supporting the country's efforts to digitize government services, drive financial inclusion, and facilitate the distribution of humanitarian aid. For instance, expatriates in Jordan can now use iris biometrics to access government services, further enhancing the reach and impact of digital solutions in the country.
The EyePay Network's compliance with Better Work and International Labor Organization (ILO) standards ensures that it adheres to the highest ethical and operational standards. This partnership between IrisGuard and Cairo Amman Bank is a significant step towards a more inclusive and secure financial system in Jordan, benefiting both workers and employers alike.Â
Q: What is the EyePay Network?
A: The EyePay Network is an iris biometrics-based system designed to securely and efficiently manage salary payments for unbanked workers in Jordan.
Q: How does the EyePay Network work?
A: Workers are enrolled at their workplace using iris scans. Once enrolled, they can collect their salaries from licensed money exchangers without needing a physical ID or bank account.
Q: Who is IrisGuard?
A: IrisGuard is a leading provider of biometric solutions that has been active in Jordan since 2001, playing a significant role in the country's digital transformation and financial inclusion efforts.
Q: What is the significance of this partnership with Cairo Amman Bank?
A: The partnership marks the first nationwide deployment of an iris biometrics-based salary payment system in Jordan, aiming to serve unbanked workers and promote financial inclusion.
Q: How does the EyePay Network benefit money exchangers and remittance agents?
A: The EyePay Network allows money exchangers and remittance agents to perform direct bank account settlements, reducing the need for cash reserves and enhancing operational efficiency.Â