Amman, October 2013
Middle East Payment Services (MEPS) - an innovative regional payment services provider, a licensed issuer and acquirer of MasterCard cards and a processor of all types of MasterCard transactions in Jordan and Palestine - announced the commencement of its nationwide expansion plan, which will take place over the course of the upcoming weeks. This step will bring the total of MasterCard's point-of-sale (POS) devices to approximately 20,000, and will enhance MasterCard's ATM acceptance to cover the entire Kingdom.
As part of its expansion plan, MEPS signed an agreement with Emerging Markets Payments Jordan (EMPJ) to enhance and popularize MasterCard and other locally-issued cards' POS acceptance across Jordan. This will improve the existing service standards and will promote the introduction of new electronic payment services to the Jordanian market such as the e-wallet service which is scheduled to be launched on the 22nd of December, 2013, by the Central Bank of Jordan (CBJ). Other services include bill and prepaid mobile phone card payments via POS devices.
The collaboration between MEPS and EMPJ is a model example of successful private sector partnerships that aim to deliver an expanded lineup of services, enable banks to better serve clients across all parts of the Kingdom, as well as facilitate the transition from cash to reliable e-payment transactions.
MEPS currently offers a suite of services to the Jordanian, Iraqi and Palestinian markets, conducting over 20,000 card purchase transactions per day. As part of its ongoing efforts to cater to the evolving needs of clients, MEPS is also in the process of launching credit cards which may be used for multiple purposes including secure online shopping and other e-trade services.
Furthermore, MEPS launched the MasterCard Internet Gateway Service (MIGS) which enables merchants and companies to deliver advanced payment services to clients worldwide via a secure online payment platform.
MEPS' shareholders include Jordan Kuwait Bank, Jordan Ahli Bank, Housing Bank of Trade & Finance, Jordan Islamic Bank, Jordan Commercial Bank and Capital Bank, and others.
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ABOUT MEPS
MEPS is an innovative regional payment services provider, offering secure e-commerce payment gateway solutions, card issuing, PCI and security services, as well as a comprehensive set of customized value-added services that meets the growing demand for payment solutions throughout the region. Additionally, MEPS is a payment processor, issuer and acquirer of MasterCard cards in Jordan and Palestine.
This press release has been distributed by Bidaya Corporate Communications on behalf of Middle East Payment Services (MEPS).
For more information or assistance, please contact us at:
Tel: +962 6 5692008/9
Fax: +962 6 5692007
P.O.Box: 930391, Amman 11193, Jordan
Email: media@bidayacorp.com
© Press Release 2013
