Amman – As digital transformation spreads rapidly around the world, and economies expand their investment in financial technology as one of the most prominent drivers of economic growth, the role of this sector stands out as one of the promising bets for promoting innovation, attracting investments, providing quality job opportunities, and increasing the efficiency of financial services.
اضافة اعلان
Following the second edition of the Jordan Fintech Festival, held under the patronage of the Central Bank of Jordan, questions arise regarding the Kingdom's ability to capitalize on this promising sector and transform it into a driver of economic growth.
This would bolster the competitiveness of the national economy and open new horizons for startups and investments in the digital economy.
Fintech experts affirmed that this sector has become a key driver of economic transformation in Jordan, given its increasing role in reshaping and enhancing the efficiency of the financial sector, as well as its contribution to supporting financial inclusion and expanding the base of beneficiaries of digital banking services.
They pointed out that fintech is no longer merely a supporting digital tool, but has become a fundamental pillar in developing the financial business model and enhancing its competitiveness.
These experts noted that fintech holds growing economic importance, manifested in reducing transaction costs, accelerating financial services, fostering innovation, and supporting the digital economy.
Furthermore, it has the potential to attract investments and broaden the participation of youth, women, and small and medium-sized enterprises (SMEs) in economic activity.
They also emphasized that development in this sector directly impacts the efficiency, transparency, and growth potential of the national economy.
Experts explained in press statements to Al-Ghad that Jordan possesses promising opportunities in this field, benefiting from an advanced digital infrastructure, a stable banking sector, and a sophisticated regulatory framework led by the Central Bank.
This framework includes the electronic payments system, digital wallets, and a regulatory sandbox, which enhances the Kingdom's attractiveness for fintech investments.It also opens the door to creating quality jobs, supporting entrepreneurship, increasing digital exports, and strengthening Jordan's position as a regional hub for digital financial services.
Conversely, the experts called for the need to bolster the supportive environment for this sector by continuing to develop legislation that keeps pace with innovation, expanding funding for startups, enhancing cybersecurity and data protection, investing in human capital, expanding public-private partnerships, encouraging venture capital investment, and modernizing banking systems.
All of this will contribute to accelerating the growth of the fintech sector and strengthening its role in the national economy.
The Central Bank of Jordan recently announced the organization of the Jordan Fintech Festival 2026, which will be held for its second edition from September 23-24, 2026, at the King Hussein Bin Talal Convention Center – Dead Sea, in partnership with the Association of Banks in Jordan and in cooperation with the German Agency for International Cooperation (GIZ).
Maher Al-Mahrouq Director General of the Association of Banks in Jordan, stated, "Financial technology is no longer limited to digitizing financial services or improving customer experience; rather, it is reshaping the entire financial business model by developing financial products and delivery mechanisms, enhancing efficiency and innovation, and positively impacting the performance of the financial sector and the economy."
He explained that this sector contributes to enhancing financial inclusion by expanding access to financial services for individuals and businesses, particularly small and medium-sized enterprises (SMEs), youth, and women, thus integrating broader segments into economic activity and boosting growth.
Al-Mahrouq believes that Jordan possesses the necessary elements to become an attractive regional platform for fintech investments, leveraging its human capital, digital infrastructure, and advanced regulatory framework.
He noted the growing interest from investors in digital payments, open finance, cybersecurity, and innovative financial solutions.
He explained that maximizing this opportunity requires continued development of regulatory frameworks, streamlining compliance procedures, and enhancing the clarity of the legislative environment.
He added that developing the fintech sector will contribute to attracting more local and foreign investments, supporting the growth of startups, strengthening the entrepreneurship ecosystem, and attracting regional and global fintech companies, thus reinforcing Jordan's position as a regional hub for digital financial services.
Conversely, Al-Mahrouq emphasized that the sector still faces challenges that necessitate continued development of the legislative and regulatory environment, strengthening partnerships between financial institutions and fintech companies, modernizing banking systems, investing in digital infrastructure, enhancing cybersecurity capabilities, providing specialized expertise, and utilizing artificial intelligence and cloud computing technologies.
This will support the competitiveness of the Jordanian economy and enhance its regional standing in the fintech sector.
Rawajbeh: Jordan Possesses the Potential to Become a Regional Hub
. Haitham Rawajbeh, representative of the Information and Communications Technology (ICT) sector at the Jordan Chamber of Commerce, affirmed that Jordan possesses promising opportunities to enhance the contribution of financial technology (FinTech) to economic growth.
He highlighted the country's advanced digital infrastructure, qualified human resources, and supportive regulatory framework. He explained that the sector is capable of attracting further local and foreign investment, supporting the growth of startups, and creating high-quality job opportunities in software, artificial intelligence, cybersecurity, and data analytics.
This, he added, will also enhance the competitiveness of the national economy by accelerating and reducing the cost of financial transactions and increasing digital exports to regional markets.
Rawajbeh pointed out that capitalizing on these opportunities requires continued legislative development to keep pace with the rapid advancements in FinTech, strengthening cybersecurity and data protection, expanding funding opportunities for startups, encouraging venture capital investment, investing in developing national talent, and fostering public-private partnerships.
These measures, he concluded, will enable Jordan to solidify its position as a regional hub for FinTech and digital financial services.
Al-Makhamra: A New Lever for Economic Growth in Jordan.
For his part, economist Wajdi Al-Makhamra stated that "financial technology has become one of the most prominent drivers of economic growth globally, having transformed the provision of financial services through artificial intelligence, big data, cloud computing, and digital payment technologies."
He explained that this sector contributes to expanding financial inclusion, reducing transaction costs, fostering innovation, supporting the digital economy, and attracting investments to startups, thereby increasing the efficiency of the economy and enhancing its competitiveness.
He added, "Jordan possesses significant advantages for developing this sector, benefiting from a robust banking sector, digital infrastructure, and a regulatory framework led by the Central Bank. This has been reflected in the development of payment systems, the expansion of e-wallets, the growth of startups, and increased levels of financial inclusion."
He believes these advantages pave the way for attracting investments, creating quality jobs, supporting entrepreneurship, increasing digital exports, and solidifying the Kingdom's position as a regional hub for digital financial services.
Al-Makhamra pointed out that maximizing these opportunities requires increasing funding directed towards startups, updating legislation, enhancing cybersecurity, developing national talent, encouraging venture capital investment, expanding integration between banks and fintech companies, and spreading financial and digital awareness. This will enhance the sector's contribution to economic growth in the coming years.
