Bahrain’s BENEFIT & Jordan’s JoPACC collaborate on digital financial services

Bahrain’s BENEFIT & Jordan’s JoPACC collaborate on digital financial services

BENEFIT, Bahrain’s innovator and leading company in Fintech and electronic financial transactions service, has signed a Memorandum of Understanding with the Jordanian Payment and Clearing Systems Company (JoPACC).

The key focus of the MoU is to foster collaboration, explore collaborative initiatives, and participate in the programs part of the Jordan Innovation Fintech Incubator ‘JOIN Fincubator’, the first fintech innovation incubator of its kind in Jordan, which was launched last year at the MENA ICT Forum.

Under the MoU, both companies will unite their resources to create and deliver digital financial services, leveraging their expertise and technological capabilities. It will also involve the formation of a steering committee composed of team members nominated by both parties that will work to discuss topics of cooperation in the areas of financial technology innovation.

Abdulwahed AlJanahi

CEO – BENEFIT “It is an honor to have this MoU and we look forward to engaging with JoPACC in various aspects, leveraging on the Company’s successful milestones. This is in accordance with our key focus to foster collaboration, share our expertise and collaborate with like-minded institutions to solidify MENA’s presence and position when it comes to the FinTech industry. This partnership will achieve several milestones in the region and unlock vast