About JoPACC

In February 2015, the World Bank advised the Central Bank of Jordan (CBJ) to upgrade the legal framework around the management and operations of the payment systems to enhance the governance and to segregate between the operations and the oversight in order to position CBJ in the payments value chain as a regulator and overseer along with a facilitator and catalyst of change. Their recommendations covered as well 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-banks membership and shareholding when the CBJ decides to divest its share and exit the company.

On the 16th of January 2017, the CBJ along with the 25 banks operating in the kingdom have 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.

The main objectives of the company are to establish and develop digital retail and micropayment systems and invest in innovative technology and digital financial services, along with knowledge management and business analytics.

JoPACC’s Position and Role in Facing the Challenges 


JoPACC is well-positioned to capitalize on the already developed infrastructure and to optimize the benefits of the opportunities in the market. On the other hand, it is well-positioned to address many of the market challenges. JOPACC leverages its relationships with businesses, government and the nonprofit sector to share insights, mitigate risks and protect customers, and help others bring solutions to scale.


At the heart of JoPACC's work is introducing new technologies and business models to customers, banks, partners, and government, while understanding the importance of enabling financial innovations to promote access, quality, and usage.