JoPACC Governance Framework

Governance is a central tenant of how JoPACC aims to achieve its objective of an inclusive digital economy. As a payment system operator, JoPACC believes that corporate governance alone is not sufficient to assist it in achieving the goals set out in its strategy. Instead, we view our governance as an interplay of internal and external factors, interacting to produce inclusive, safe, efficient, reliable, and interoperable payment infrastructure for Jordan's economy.

As a payment system operator, JoPACC recognizes the importance of disclosure and transparency in communicating its access, participation, and scheme rules. Thus, JoPACC ensures communicating all such rules with prospective participants. Additionally, JoPACC seeks the consultation of participants before issuing such rules and procedures and before making any amendments. Furthermore, JoPACC designs its participation, access, and scheme rules in a way that would encourage new entrants into the payments ecosystem without compromising the high-level objectives of safety and security.





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