Amman, April 23 (Petra) — The Central Bank of Jordan on Thursday
launched its Real-Time Gross Settlement (RTGS-JO) system via a closed
virtual private network, marking a step to enhance the efficiency,
security, and resilience of the Kingdom’s financial infrastructure.
The system enables participating banks to execute high-value
financial transfers in real time with immediate finality, while
operating through a secure domestic network designed to safeguard
sensitive financial data and reduce exposure to external systems.
The bank said the platform strengthens operational continuity by
ensuring uninterrupted payment processing, even during emergencies or
global network disruptions, while minimizing reliance on
international financial communication channels.
According to the Central Bank, the RTGS-JO system will streamline
interbank settlements, mitigate operational and settlement risks, and
improve the overall efficiency of banking services delivered to
individuals and businesses.
The system also supports ongoing digital transformation in the
financial sector by reducing transaction costs, accelerating payment
processing, and reinforcing financial stability.
The launch comes as part of the bank’s broader strategy to modernize
payment systems, enhance the robustness of financial market
infrastructure, and align with international best practices in
financial communications.
//Petra// AJ