Regulatory Alerts2019-04-25
Added · Updated
Central Bank of Jordan Circular Regarding Mandatory Payment System Services
The Central Bank of Jordan reiterates that the principle of compulsion in applying any service is unacceptable for all types and forms of services provided by managers of payment systems and their agents. Banks are required to determine the activation of any service based on their own decision, risk management capabilities, internal policy, and strategic plan. This directive applies to all banks operating in the Kingdom of Jordan.
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