The Jordan Payments and Clearing Company (JoPACC) and Al-Aman Fund for the Future of Orphans have signed a memorandum of understanding (MoU) that aims to train trainers (ToT) on digital financial services and promote their financial literacy, who will then conduct training sessions for the center’s beneficiaries through programs coordinated by the Al-Aman Fund. Additionally, this collaboration will provide awareness sessions on financial technology (FinTech) and innovation for the center’s beneficiaries, which will be held through JoPACC’s JOIN Fincubator. The signing of this MoU comes as part of JoPACC’s strategic pillar of enhancing access to, adoption, and usage of digital financial services and aligns with Al-Aman Fund’s vision for “providing orphaned youth with a better future and helping them become fully independent.”

The signing ceremony was attended by Her Excellency Ms. Maha Bahou, CEO of JoPACC, and Ms. Nour Homoud, General Manager of Al-Aman Fund for the Future of Orphans, along with representatives from both institutions who will work together to implement the terms of this MoU.

It is worth mentioning that JoPACC has created specialized training material aimed at disseminating knowledge about digital financial services and promoting their adoption. Collaborating with various national institutions, including universities, government entities, and civil society organizations, JoPACC endeavors to expand its outreach to marginalized segments and provide targeted training on digital financial services, which offer a range of benefits such as significant reductions in time, effort, and costs for users, thereby fostering the imperative goal of digital financial inclusion.

Emphasizing the significance of this partnership, Ms. Maha Bahou, CEO of JoPACC, conveyed her pride, stating: “We believe that access to digital financial services is a fundamental right, and we are committed to promoting digital financial inclusion in Jordan, with a specific emphasis on supporting the less privileged segments. This commitment not only enhances their resilience but also equips them to navigate crises effectively. Our collaboration with Al-Aman Fund for the Future of Orphans brings us immense pride, recognizing its pioneering social role in securing the future of orphans. We are delighted to contribute, even in a modest capacity, to this significant achievement by empowering the Fund’s beneficiaries with the knowledge and skills essential for active engagement in the realm of financial technology”.

Commenting on the collaboration, Ms. Nour Homoud, General Manager of Al-Aman Fund for the Future of Orphans, added: “At Al-Aman Fund, we are committed to establishing partnerships that help us improve our programs and empower our youth. We are particularly proud of our collaboration with JoPACC, a leading company in the field of digital financial services. This partnership is a crucial element in our efforts to provide digital financial training to youth and enhance their entrepreneurial thinking. Furthermore, through JoPACC’s Fintech incubator, young entrepreneurs are encouraged to develop innovative technological solutions that can transform the financial landscape. We are excited about the opportunities this partnership will create for knowledge sharing, innovation, and leadership development.”

As per the MoU, JoPACC will initiate the implementation of the ToT program within the next month, followed by the fund’s trainers conducting training courses throughout the year.