Fintech & digital payments rules in Jordan (2026)

Bylaw No. (111) of 2017 grants the CBJ authority to license entities operating electronic payment systems, payment service providers, e-money issuance/management, and money-transfer services, setting capital minimums, guarantees, fees, penalties, and licence-cancellation conditions.

The Central Bank of Jordan is the dedicated regulatory and oversight authority for the national payment system, reviewing applications from payment companies, banks, and exchange houses and supervising operators on an ongoing basis.

The CBJ publishes a formal Licensing Guideline for electronic payments and money-transfer activities covering both local companies and branches of foreign companies, operationalizing the Bylaw's licence-application process.

JoMoPay (national mobile-payment switch, launched 2014) and CliQ (instant account-to-account/wallet system, launched June 2020) are operated by JoPACC under CBJ supervision, fully interoperable since the 2021 ISO 20022 upgrade, with final settlement via the RTGS system.

In December 2022 the CBJ issued binding 'Regulating Open Finance Services' instructions requiring banks and licensed PSPs to expose secure APIs for Account Information Services and Payment Initiation Services; JoPACC launched the unified Jordan Open Finance Standards in 2024.

The CBJ runs a regulatory sandbox (JoRegBox) for fintech pilots, including open-banking firms (e.g., Fintech Galaxy) and BNPL providers (e.g., Mada). BNPL is presently tested under sandbox supervision rather than a standalone BNPL statute.