About JoPACC

The Jordan Payments and Clearing Company is a private shareholding company owned by the Central Bank of Jordan (CBJ) and all commercial banks in Jordan- currently 23 banks. It was established in March 2017 by CBJ and the 25 banks operating then in Jordan with a capital of 12 million JOD. The company is based in Amman and works closely with the Central Bank of Jordan and financial institutions, including banks, mobile payment service providers, payment system operators, and MFIs. The company's main objectives are to develop and enhance digital retail and micropayment systems, invest in innovative digital payment solutions, and produce and disseminate knowledge and business analytics to increase awareness and inform decision-making.

JoPACC is committed to international standards that aim to preserve the safety, efficiency, and resilience of payment systems, and is aligned with the Principles for Financial Market Infrastructures (PFMIs). Read more on JoPACC’s commitment towards the PFMIs.


In February 2015, the World Bank advised the Central Bank of Jordan (CBJ) to upgrade the legal framework around the management and operation of payment systems. To enhance governance in the financial sector, the World Bank recommended segregating between the operation and oversight functions at CBJ to position it as a regulator, overseer, and catalyst of change in the payments value chain. Additionally, their recommendations covered the role of the existing National Payments Council as only an advisory and consultative body, while the operations and development of the payment systems are to be migrated to an autonomous entity. This entity shall consist of the CBJ and banks while allowing for future non-bank membership and shareholding when the CBJ decides to divest its share and exit the company.

On the 16th of January 2017, the CBJ and the 25 banks operating in the kingdom agreed to establish the "Jordan Payments and Clearing Company", a Private Company Limited by Shares based in Amman- Jordan. The authorized Company Share Capital is (12,000,000) twelve million Jordanian Dinars, subdivided into (12,000,000) twelve million shares; the value of one share is one Jordanian Dinar.


JoPACC’s Position and Role in Introducing a Comprehensive Digital Financial Experience 


JoPACC is well-positioned to capitalize on the already developed infrastructure and optimize the benefits of the opportunities in the market. It will increase the interoperability of systems and between systems and ensure coherence and standardization of payment services. JoPACC leverages its relationships with businesses, government, and the nonprofit sector to share insights, raise awareness, expand the offering and uptake of digital financial services, and help all entities bring solutions to scale.

At the heart of JoPACC's work is introducing Fintech-based solutions and business models to financial institutions, partners, and government to promote access, quality, and usage while ensuring the safety and efficiency of the payment infrastructure.