Regulatory Alerts2023-08-29
Added · Updated
Circular Amending Board Decision No. 2016/120 Regarding Co-Branding Services for Electronic Money Accounts and Prepaid Cards by Licensed Money Exchange Companies
The Central Bank of Jordan amends Board Decision No. 2016/120 to permit licensed money exchange companies to offer co-branding products for electronic money accounts and prepaid payment cards within their agency activities with electronic payment and money transfer companies. This authorization is subject to compliance with relevant legislation, the separate proof of revenues realized from these activities, and obtaining necessary Central Bank approvals for the specific money exchange companies involved.