Jordan and Syria to Enhance Banking Sector Collaboration, Focus on Fintech and Financial Inclusion

Amman: The Governor of the Central Bank of Jordan, Adel Sharkas, announced that the upcoming visit of a Syrian delegation, led by the Governor of the Central Bank of Syria, Abdul Qader Hasriya, is set to begin on Wednesday. The visit aims to strengthen bilateral cooperation and exchange expertise in the banking and financial sectors, focusing on banking supervision, financial technology, and financial inclusion.

According to Jordan News Agency, Sharkas highlighted the Central Bank’s efforts over the past years to partner with the private sector in building an advanced financial infrastructure. This collaboration has enhanced electronic payment systems and promoted the growth of Jordanian fintech companies, which are now recognized as a model in the region.

The meetings with the Syrian delegation will showcase Jordan’s banking and financial expertise and explore opportunities for Jordanian-Syrian partnerships that could support Syria’s economic reconstruction. The Central Bank of Jordan has already provided specialized technical assistance to its Syrian counterpart, including hosting 16 Syrian employees last week and sending technical delegations to Damascus for fieldwork roughly six months ago.

Sharkas emphasized that Jordan’s banking sector enjoys a strong reputation regionally and internationally. This reputation makes it a preferred partner for investment and expansion in neighboring markets. Several Jordanian banks are planning to enter the Syrian market, a move welcomed by Syrian authorities due to the credibility and standing of Jordanian institutions.

He also highlighted Jordan’s experience in fintech, mentioning the Central Bank’s regulatory sandbox and entrepreneurial support funds as opportunities for young entrepreneurs in both countries to launch joint ventures. Sharkas reiterated the Central Bank’s commitment to fostering regional cooperation and encouraging investment and banking partnerships that align with the shared economic interests of both nations.