Executive Manager - Payment systems and domestic banking operations and financial inclusion dept
Central Bank of Jordan
BiographyMaha Bahou holds a master's degree in banking and finance and has an overall experience of 30 years in different management positions. In 2016, she completed the “Leadership in Financial Inclusion” program from Fletcher School - Tufts. She is a certified assessor of the European Foundation for Quality. CGAP Board member, Karandaz Board member. In early 2014, she joined BMGF's (DFS) Platform Enablers group.
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PresentationShadow economy, e-payments, and cash: a view on the Jordanian payment landscape
To promote a better livelihood for the people in Jordan, the government and the Central Bank of Jordan have started several initiatives. Among others, they implemented financial inclusion projects, and introduced e-payment policies (e.g. electronic payment of wages and social security benefits, humanitarian cash assistance programs) along with robust and secured infrastructure, aiming to reduce the shadow economy and increase government revenues. Cash in many cases is a cause , but also a consequence of the shadow economy, and should be addressed by means such as government controls or reduction of the administrative burden, to incentivize informal companies to register their activity. This presentation will give an inside view on different forms of payments seen from the Central Bank of Jordan’s perspective.