Financial
Sector/FinTech
In the near future,
the global FinTech
market is projected
to grow at a CAGR
of 55% during the
period 2016-202030,
but with a large
untapped potential
in the MENA region.
Good internet uptake and 75% of Jordanians unbanked leaves a great
potential for enabling mobile payment solutions in Jordan.
Jordan possess the potential to become the regional FinTech hub, and
can be at the forefront of delivering FinTech solutions and
transforming industry areas like retail banking, investing, and peer-topeer lending.
Next
generation
payments, lending,
HR solutions and
banking systems.
FinTech, block chain technology
Communications
and security
Particularly in the
MENA
region,
CAGRs are high at
around 23% from
2016-2022.31,32
Jordan has strong incentives to drive tech-led/digital security-related
solutions and enable communications and connectivity in rural areas.
Opportunities for Jordan in communications include for instance
online and mobile payment solutions. Also, with the conflict in Syria
and Iraq at its borders, Jordan will take a leading role in driving ICT
led security-related solutions. In terms of security, with Jordan
currently deploying smart IDs, this can include digital signatures as well
for authentication into all applications.
Advanced techniques
in gamification and
simulations, as well
as more donororiented
products
and services such as
identification
and
registration solutions
Secure digital communications,
specific niche technologies
Source: DTI
All content in the table above are examples of trending technologies adopted in international good practice. They are subject to change with the
advancement of technologies. Moreover, the focus areas can be customized and validated to the local context as the sectors’ digitization grow,
to ensure alignment with stakeholders’ needs and national priorities.
30
http://www.researchandmarkets.com/research/bl7gn8/global_fintech
http://www.lucintel.com/security_services_market_2018.aspx
32
http://www.marketsandmarkets.com/PressReleases/cyber-security.asp
31
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