MEPS plans Jordan expansion plan
Amman, October 9, 2013
Middle East Payment Services (MEPS), an innovative regional payment services provider and processor of all types of MasterCard transactions in Jordan and Palestine, has announced the launch of its nationwide expansion plan.
A licensed issuer and acquirer of MasterCard cards, MEPS said the move is aimed at bringing the total of MasterCard’s point-of-sale (POS) devices to 20,000 and alod help enhance its ATM acceptance to cover the entire kingdom.
As part of its expansion plan, MEPS has 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 December 22 by the Central Bank of Jordan (CBJ).
The other services include bill and prepaid mobile phone card payments via POS devices, said a MEPS statement.
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, it stated.
MEPS currently offers a suite of services to the Jordanian, Iraqi and Palestinian markets, conducting over 20,000 card purchase transactions per day, it added.-TradeArabia News Service