Amman: 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.
According to Jordan News Agency, 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 stated that 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.
The Central Bank noted that 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 is 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.