The Central Bank of Jordan announced on Thursday the launch of the Real-Time Gross Settlement System (RTGS-JO) through a closed Virtual Private Network (VPN), aimed at enabling banks to carry out financial transfers instantly and securely.
The system operates through a closed local network within the Kingdom, enhancing security levels and ensuring the protection of financial data, in addition to reducing reliance on external networks and guaranteeing business continuity even in cases of emergencies or international technical disruptions.
The Central Bank confirmed that the system, in its new form, contributes to improving the execution of financial transfers between banks, reducing operational risks, and increasing the efficiency of banking services provided to citizens and companies.
The system also supports digital transformation efforts in the financial sector, helps reduce operational costs, and enhances the stability of Jordan’s financial system.
This step comes as part of the Central Bank’s efforts to develop financial infrastructure, provide safer and more reliable digital services, and keep pace with global developments in financial communications.
