Jordan’s digital payments market, driven by consumer transactions, is rapidly expanding. It encompasses payments for goods and services made online, mobile payments at point of sale (POS) via smartphone apps, and cross-border digital remittances. The market is expected to grow at a compound annual growth rate (CAGR) of 10.44% from 2024 to 2028, reaching a total transaction value of USD 12.84 billion by 2028.

Private consumption, which accounts for 75% of GDP, remains a key growth driver, supported by moderate inflation despite high unemployment (around 23% in Q1 2023). However, persistently high commodity prices and tight monetary policy (central bank rate at 7.5% in mid-2023) are raising construction costs. Investments, comprising 20% of GDP, are expected to bolster growth, especially in renewable energy projects, with a particular focus on expanding solar power resources.