JordanPay is the crucial RegTech catalyst making the Government's national policies a reality. By operationalizing the Digital Local Currency (DLC) framework, we directly execute the mandates of the Economic Modernization Vision (EMV 2033) and the National Financial Inclusion Strategy (NFIS 2023-2028)—absorbing billions in informal liquidity back into the regulated institutional banking ecosystem.
Transitioning from the friction of capital-heavy physical correspondent banking to agile, 1-to-1 institutional connectivity. The DLC model enables foreign banks to access Jordan's domestic retail payment infrastructure through a regulated local partner.
Foreign institution maintaining total control, Current Account ownership, and customer UI.
The Onshore Keeper. Provides localized regulatory shielding and local currency liquidity.
Central Bank Infrastructure (CliQ, eFAWATEERcom, JoMoPay).
Despite robust foreign reserves (surpassing $20 billion) and a stable currency peg, structural "liquidity friction" forces retail, SME, and refugee populations into unregulated networks (e.g., hawala), bypassing the formal ledger. JordanPay digitizes these specific parallel flows.
Driven by $4.5B+ Diaspora Remittances & Tourism
| Currency / Source | Est. FX Equivalent |
|---|---|
| 🇦🇪 AED (UAE) | $1.4 Billion |
| 🇸🇦 SAR (Saudi Arabia) | $1.8 Billion |
| 🇺🇸 USD (USA) | $1.6 Billion |
| 🇮🇶 IQD (Iraq) | $900 Million |
| 🇶🇦 QAR (Qatar) | $450 Million |
| 🇰🇼 KWD (Kuwait) | $400 Million |
Driven by SMEs/Trade, Foreign Workers & Students
| Currency / Target | Est. Outbound Demand |
|---|---|
| 🇨🇳 CNY (China) | $4.5 Billion |
| 🇸🇦 SAR (Saudi Arabia) | $3.6 Billion |
| 🇺🇸 USD (USA) | $1.6 Billion |
| 🇮🇳 INR (India) | $1.5 Billion |
| 🇪🇬 EGP (Egypt) | $700 Million |
| 🇧🇩 BDT (Bangladesh) | ~$200 Million |
The Digital Local Currency (DLC) framework operationalizes shared infrastructure through three distinct service pillars, integrating via a Unified SDK. It allows member institutions to offer native-level financial services without navigating fragmented regulatory licenses.
Enables non-resident banks or MTOs to route the bulk of funds traditionally, but execute the "Last-Leg Disbursement" natively via a local partner's domestic remittance platform. End-users receive funds with zero friction, formalizing "shadow" FX transactions and retaining capital within the monitored domestic system.
Allows a bank in Country A to offer fully functioning, onshore financial instruments in Country B. Creating a legitimate, regulated onshore wallet managed via native sovereign infrastructure. Operating on ISO 20022 data rails, regulators gain real-time visibility into systemic liquidity, completely eliminating risks associated with unregulated offshore cash.
Allows institutions to collect funds from foreign markets natively (ACCEPT) and repurpose that exact local liquidity to fund their domestic customers traveling in that foreign market (SPEND). This enables Atomic Settlement, bypassing international clearinghouses and drastically reducing the need to convert funds into hard bridge currencies.
