ProgressSoft Corporation

Established in 1989, ProgressSoft Corporation is a real-time payment and financial solutions provider serving more than 370 financial institutions and service providers in 24 countries.

ProgressSoft operates out of several offices in Jordan, UAE, Kuwait, Qatar, Oman, and Nepal, and delivers world-first, award-winning and leading-edge financial solutions that include Central Bank Digital Currency, Payments Hub, and Electronic Check Issuance. This is in addition to digital customer onboarding, electronic bill presentment and payment, digital banking, signature verification, the flagship Electronic Check Clearing solution, and more.

All ProgressSoft solutions follow international best practices and standards and are created using agile development methodologies that involve clients in all phases of development, allowing them to address business concerns directly and accurately, improve project confidence, and produce desired outcomes more quickly. Following the delivery of every project, ProgressSoft stands by the client’s side to provide 24/7 support services in addition to post-sale and maintenance services so that all projects are sustained with confidence and at ease.

Clients can also opt for ProgressSoft consulting services for a full assessment of technical, organizational, or strategic frameworks. These services include analyzing business objectives, assessing systems and practices in place, steering decision making, and gathering project requirements. Ultimately, ProgressSoft consultants can advise clients whether their project needs a simple tune-up or major overhaul to achieve strategic objectives.

ProgressSoft services and solutions are also complemented with a global network of partners that operate some of the best-known businesses in the payments, financial and information technology domains such as Swift, Oracle, Mastercard and additional allies spanning the globe.

At the beginning of 2023, ProgressSoft announced a new diversification in its portfolio, debuting two new solutions covering buy now pay later and microfinance services. The solutions cater for a new digital age by service providers, microfinance institutions, and micro, small and medium enterprises, and mark the beginning of extended and automated services for all institution types within the financial domain.

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Offices

Jordan, Kuwait, Nepal, Oman, Qatar, and the UAE.

Clients

Central Bank of Bahrain, Central Bank of Jordan, Central Bank of Kuwait, Central Bank of Libya, Central Bank of Oman, Central Bank of Seychelles, Central Bank of Sudan, Nepal Rastra Bank, Qatar Central Bank, Emirates Digital Wallet, BENEFIT, Nepal Clearing House Limited, STC, MEPS, Zain Cash, Dinarak, Jawwal Pay, Al Madar Al Jadid, BNP Paribas, CitiBank, HSBC, Standard Chartered, Industrial and Commercial Bank of China, Al-Rajhi Bank, Arab Bank, Jordan Dubai Islamic Bank, Mauritius Commercial Bank, First Abu Dhabi Bank, Qatar National Bank, Al-Ahli Bank of Qatar, Bank Dhofar, Bank Muscat, Bank of Jordan, Bank Sohar, Cairo Amman Bank, Commercial Bank of Qatar, Doha Bank, Jordan Ahli Bank, Jordan Islamic Bank, National Bank of Kuwait, National Bank of Oman, Nouvobanq, Oman International Bank, Qatar International Islamic Bank, The Housing Bank for Trade & Finance, Jordan Kuwait Bank, and more.

Achievements

• Region’s First Payment Solutions Provider
• Region’s Pioneer of Central Bank Digital Currency
• Region’s First Launch of Signature Verification Solution
• World’s First Implementation of Electronic Check Clearing
• World’s First Implementation of Countrywide Electronic Check Issuance
• World’s First Launch of Interoperable Mobile Payment Switch
• World’s First Launch of Blockchain-enabled Mobile Payments

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