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🇯🇴 Jordan Innovation pilot · Virtual ATM · 2022

Withdraw cash at local shops, not ATMs — a merchant-powered cash-out network.

A fintech in Jordan set out to build a new kind of service: not another wallet, but a distributed cash-access network powered by open banking and modern fintech infrastructure. Veengu delivered the whole stack — consumer app, merchant mPOS, business portal, and the platform underneath.

Initial setup
~7 weeks
first pilot environment
First stage
~11 weeks
platform complete
Channels
Three
consumer + merchant + portal
Open banking
Dapi
account linkage + initiation
Signature flow

From "I need cash" to cash-in-hand, no ATM in sight.

The user discovers nearby participating merchants, picks one, generates a withdrawal request, and the merchant pays out cash. Open banking handles the payment from the user's bank account to the merchant; Veengu orchestrates the multi-party transaction.

USER VEENGU MERCHANT 1. Search nearby Map · merchants 2. Pick merchant Veengu Core 3. Request cash mPOS · QR 4. Initiate payment Open banking · Dapi 5. Approve at bank User's bank 6. Settle Veengu ledger 7. Pay out cash At merchant
Three channels, one platform

Consumer, merchant, and back office shipped together

CONSUMER APP

Mobile app for end users

  • ·Discover nearby merchants
  • ·Google Maps + routing
  • ·Merchant ratings + reviews
  • ·QR-based cash-out flow
  • ·Loyalty + cashback
  • ·Open banking account link
MERCHANT APP

mPOS for merchants

  • ·Cash-out request scanner
  • ·Real-time settlement view
  • ·Daily reconciliation
  • ·Customer ratings
  • ·Float tracking
  • ·Operational reporting
BUSINESS PORTAL

Operator back office

  • ·Merchant onboarding & KYB
  • ·Fee + commission config
  • ·Notification management
  • ·Authentication services
  • ·Real-time txn monitoring
  • ·Audit + compliance
What we learned

The platform delivered. The ecosystem was early.

The technical implementation and core transaction flows were successfully delivered and validated in production pilot. The constraint sat one layer out: open banking infrastructure and bank API readiness in the region were still evolving, which capped commercial adoption. The platform model itself was proven.

Why it mattered

Veengu is not just a wallet platform.

This pilot validated that Veengu can serve as a flexible fintech infrastructure layer for entirely new financial service models — multi-party transactions, geolocation-driven service flows, gamified loyalty, and open banking — not just the standard wallet-and-payments use case.

Outcomes

What the pilot delivered

  • Rapid launch readiness
    Innovative fintech concept built and live in roughly 11 weeks.
  • Non-standard use case
    Cash-out network — proof Veengu adapts well beyond wallets.
  • Real-time orchestration
    Multi-party transaction flows working end-to-end.
  • A new model validated
    Open banking + merchant network as a Virtual ATM was proven feasible.
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Building something new?

Veengu fits non-standard fintech models too — multi-party flows, geolocation, open banking, gamified loyalty.

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