Jordan and FinTech: Possibilities Without Borders Maha M. Bahou | CEO Jordan Payments and Clearing Company JoPACC July, 2019

Jordan in Numbers : Readiness for FinTech 10 Millions Total Population 9.8 Million Mobile Subscribers 9.4 Million internet Subscribers 90% Smartphone Penetration 42% Financial Inclusion Rate

Mobile subscriptions % Global Stats – CESA: Readiness for FinTech Digital Readiness Financial Parameters Mobile subscriptions % FinTech ecosystem playbook (EY) – 2017/2018

Mobile subscriptions % Global Stats – Middle East: Readiness for FinTech Digital Readiness Financial Parameters Mobile subscriptions % FinTech ecosystem playbook (EY) – 2017/2018

Digital Payments Landscape by end 2016 5- JoMoPay Jordan mobile payments switch provides interoperable ewallets for the unbanked, and for micro payments for banked people 4- eFawateercom Centralized bill presentment and payment system that serves all types of utility bills, government payments along with other types of claims and due payments 3- ACH Serves bulk credit transfers, individual credit transfers, along with direct debit and mandate management with deferred clearing and settlement 2- ECC The electronic check clearing system serves only on others checks 6- GFMIS Single Treasury Account and Gov. Information System 7- ATMS & POS ATM Switch and POS Switches are owned and managed by the private sector 1- The settlement of the retail and micro payment systems takes place in Central Bank Money/ the RTGS 8- Depo/X Government Securities Auction, trading and settlement system, in addition to depository system 9-National ID Schema Robust National ID with Biometric

Government Service Bus Connected Infrastructure – Jordan Government Service Bus (GSB) MNOs leasing Brokers Insurance MFI API Integration Merchant MTO PSP Private Sector Mobile Money Agent Government Services

FinTech: Opportunities & Possibilities in Jordan High Technology Access High Quality for Education High Access to Technology High Literacy rate Robust connected digital payment infrastructure FinTech Bay Jordan as a start Experience and expertise Connected Payment Systems JORDAN as a FinTech hub Young Tech Savvy Supports Start-ups Regulatory Framework High internet penetration High smartphone users Young population Incubators FinTech Labs Accelerators Regulatory Sandbox

Cashless Society – Digital Economy Financial Inclusion & SDGs Connecting Markets through Techs FinTech EduTech HealthTech TransTech RegTech PayTech Cashless Society – Digital Economy Financial Inclusion & SDGs

JoPACC – Ongoing Projects Blockchain Facial Recognition OCRs API integration eKYC Intelligent Scoring Digital Lending Market Research eCommerce Interoperability & Scalability Digital Green Financing IPS QR code Unified Payment Interface AML Open Standard APIs QR Codes Standardized National QR format Increase Adoption and Acceptance

JoPACC Strategy Pillars Increase Access, Adoption and Usage Pillar 2 Improve Infrastructure, Digital Products & Platforms Pillar 3 Compliance, Security and Fraud Detection Digital Experiments Open Banking APIs National AML Consumer Behavior analysis OCR Fraud Detection Instant Payment System COBIT Market Research IPFS CouchDB Hadoop GDPR OAuth 2.0 Big Data Intelligent Scoring Facial Recognition Unified Payment Interface Blockchain Hyperledger, Ethereum, etc National QR: EMVco electronic Know Your Customer (eKYC), electronic Customer Due Diligence (eCDD)

The world’s biggest problems are the world’s biggest opportunities We believe that…dan The world’s biggest problems are the world’s biggest opportunities

JORDAN STANDS OUT FROM THE CROWD

Jordan Payments and Clearing Company (JoPACC) www.jopacc.com Maha.bahou@jopacc.com Tel: +962 (6) 4611 888 Fax: +962 (6) 4611 889