AMMAN — HRH Crown Prince Hussein on Thursday inaugurated JOIN
Fincubator, which aims to enable fintech innovations, facilitate digital
financial services, and contribute to the development of a sustainable digital
economy in Jordan, according to a Royal Court statement.
اضافة اعلان
JOIN Fincubator was established in line with the Economic Modernization
Vision, which identified financial services and the empowerment of fintech
among key enablers for the national economy.
Crown Prince Al Hussein stressed the importance of youth-led
innovations in developing the fintech sector in Jordan, noting that the private
sector stands to benefit greatly from investing in the potential of young
Jordanians.
JOIN Fincubator is a unit of the Jordan Payments and
Clearing Company (JoPACC), which manages and operates several Jordanian payment
systems and develops innovative digital financial solutions, and is owned by
the Central Bank of Jordan (CBJ) and all the other banks operating in the
Kingdom.
The Crown Prince listened to a briefing by JoPACC CEO Maha
Baho on the goals of JOIN, which provides entrepreneurs with access to digital
financial infrastructure and resources to test, validate, and develop their fintech
ideas.
Baho added that JOIN promotes a digital culture that
encourages launching innovative fintech projects that enrich the digital
financial ecosystem and create new job opportunities, contributing to enhancing
Jordan’s reputation as an attractive investment destination.
JOIN’s reach extends to innovators from Jordan and beyond,
provided that their ideas and projects are applied within the Kingdom,
ultimately driving growth in the digital economy, she continued.
HRH also viewed entrepreneurial solutions
developed by youth who participated in JOIN Fincubator’s first hackathon, which
was organized by JOIN several weeks before its official opening and presented a
challenge in the financial sector that required participants to work collaboratively
in teams to develop fintech solutions.
Of the 23 teams that participated, three won the hackathon
and will participate in JOIN’s incubation program, which begins in early July
and is expected to include more than 30 entrepreneurial teams.
JoPACC Chairman and CBJ Governor Adel Al Sharkas, Deputy CBJ
Governor Khaldoun Wishah, and representatives of banks supporting JOIN attended
the inauguration ceremony.
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