Establishment and Governance

Continuous efforts paved the way for the foundation of JOIN Fincubator; starting with the remarkable strides led by the Central Bank of Jordan and its strategic partner, the Jordan Payments and Clearing Company (JoPACC), to digitize payments and financial services in Jordan, making them available around the clock, and introduce innovative financial solutions to the financial ecosystem, transforming the financial experience of individuals and businesses. 

The Information Technology sector also played a vital role in this transformation enabling advanced and solid tech solutions to increase the efficiency and reliability of operations, products, and services in the kingdom, positively impacting residents’ lives and contributing to advancing financial inclusion in Jordan. Furthermore, in 2022, His Majesty King Abdullah II Ibn Al Hussein directed the development and launch of the Economic Modernization Vision, which aims to make the Kingdom’s economy an enabling, inclusive, sustainable, and resilient one, bringing empowering opportunities to people, entrepreneurs, and enterprises alike. This vision specifically identified financial services, and Fintech in particular, as one of its key enablers for the Jordan of the future. 

Today, we pride ourselves in being a one-of-a-kind fintech incubator, enabling Jordanian entrepreneurs, financial institutions, and students to flourish with their innovative fintech concepts by providing them with access to a multitude of services, varying from access to infrastructure, expertise, and partnerships to access to finance and markets.

Our unique value proposition resides in enabling the testing of fintech ideas and innovations using dedicated infrastructure owned, managed, and operated by JoPACC, thus providing access to tools and instruments, like Open APIs, that help entrepreneurs ideate, validate, and create their innovative products and solutions. Additionally, JOIN further includes The Jordan Regulatory Sandbox (JoRegBox), where the Central Bank’s role as a regulator comes into play by ensuring that security, consumer protection, and risk management are aligned with the creative drive of entrepreneurs, allowing innovation and protection to go hand in hand. 

 JOIN Fincubator is fully owned and operated by JoPACC, a Jordanian private shareholding company, and the domestic payment scheme manager that operates and develops several payment schemes, introduces innovative digital financial solutions that directly benefit end-users, and produces and disseminates knowledge about digital financial services throughout the Hashemite Kingdom of Jordan.