User:Enas.Halaiqah/sandbox

JoPACC
JoPACC, the Jordan Payments and Clearing Company, is a private shareholding company that operates domestic payment systems in Jordan. It was established in 2017 and is owned in shares by the Central Bank of Jordan and all commercial banks in the country; currently 19 banks.

The company owns five national payment systems in the Kingdom. Additionally, it produces and disseminates knowledge products on current financial services, ranging from regular system reports, analytical reports, digital experiments, training modules, and awareness materials.

Background
In January 2017, the Central Bank of Jordan and all commercial banks operating in Jordan agreed to dissolve the National Payment Council and establish JoPACC in a step to upgrade the legal framework around the management and operation of payment systems following modern standards. This step entailed that the Central Bank’s role is centered around supervision and oversight of the financial sector, and the operation function is migrated to an autonomous entity, JoPACC.