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
More Finance & Capital Market Stories
- Qatar 'most expensive country in Gulf'
- Egypt regulator sets rules for index
- Dubai Islamic eyes Kenya, Indonesia for expansion
- ADCB to buy back 3pc of its shares
- GCC insurance growth outpaces developed markets
- Bahrain 'faces budget deficit, inflation challenges'
- Global Payment Services wins key certification
- BBK unveils big India expansion plans
- Kuwait GDP growth to hit 3.5pc in 2014
- Gulf shares tumble over EM exposure cut
- GCC bonds to gain from macro-economic climate
- French Business Council Dubai members up 18pc
- Egypt economy growth seen less strong than thought
- Sharjah approves $4.2bn budget for 2014
- Saudi non-oil sector posts solid growth in Feb
- Seera total income rises to $34m
- NBAD approves 40pc cash dividends
- NBAD sees 8-10pc loan growth
- Al Basel Group launches investment arm
- Union Insurance posts $18m profit
- Oman warns banks on conflicts of interest
- Japan to lend Tunisia $480m
- 400 to join anti-laundering seminar in Riyadh
- Lebanese insurer to head Prague Club
- UAE's first REIT plans $135m IPO
- Bahrain banking industry outlook 'positive'
- New India Assurance opens Bahrain branch
- Qatar sets up mixed business incubator
- Kuwait budget spending up 8pc in April-Jan
- Thomson Reuters to host Mena IFR awards