Safety and Efficiency

Safety could be defined as the containment of the financial and non-financial risks that typically arise within the payment system or are transmitted by it, which threaten to impair the functioning of the system and/or the financial stability of the overall economy. Efficiency, on the other hand, is defined as the resources required by a payment system to perform its function, where increasing efficiency will reduce costs and increase the speed of processing higher volumes of transactions. 

The CBJ, through its oversight function, ensures the safety and efficiency of the national payment system in Jordan. JoPACC has aligned itself with the CBJ's commitment to this by emphasizing safety and efficiency in its strategy. In addition, JoPACC has adopted the PFMIs as a central tenant of its Risk Management Framework. The PFMIs lay particular emphasis on the safety and efficiency of payment systems.