“Can a legacy Jordanian exchange house become the dominant digital cross-border payments provider in the Levant by partnering with global fintech infrastructure instead of correspondent banks?”
Founded in 1966 as a traditional currency exchange house in Jordan, Alawneh Exchange has evolved into a digitally-enabled cross-border payments provider with 51 branches. Rather than relying solely on correspondent banking, it partnered with fintech infrastructure providers (Nium in 2021, BNY in 2025) to deliver competitive international payout capabilities and serve both retail and corporate customers in a market where it competes with local banks and fintechs.