Middle East Payment Services (MEPS), founded in 2009, is a principal issuer and acquirer of Visa, Mastercard, and UnionPay, with presence in Jordan, Iraq, and Palestine.
The company offers financial institutions, merchants, and corporations a complete range of secure payment solutions in card issuance/hosting, payment processing, alternative payments, e-commerce acquiring, point-of-sale (POS) acquiring, merchants cash advance, ATM driving and management, and customized value-added services adhering to PCI Data Security Standards (PCI DSS). MEPS is owned by 10 Jordanian and regional banks.
MEPS holds a payment service provider (PSP) license from the Central Bank of Jordan (CBJ) to issue mobile wallets under the product name “MEPS National Wallet”, which is an e-wallet platform operated through JoMoPay national switch. The MEPS National Wallet supports CBJ’s efforts to advocate for the financial inclusion of the unbanked segment of the Jordanian population. MEPS is providing the MEPS National Wallet solution to multiple institutions in Jordan and has opened more than 240,000 mobile wallets in the past three years.
Given its adoption of cutting-edge secure technologies, MEPS is regarded as a trusted partner for financial institutions and other major international payment schemes. It seeks to meet the demands of different sectors, offering clients and end customers the latest technologies in the field of secure payment services.
MEPS certifications in point-of-sale (POS) management provide distinctive and secure services to merchants and cardholders through multiple payment acceptance methods such as POS terminals, Smart POS and Soft POS.
MEPS is PCI Data Security Standard (PCI DSS)-certified, for the tenth consecutive year. MEPS’s adherence to the stringent security standards had previously earned it a seat as a representative of the PCI Security Standards Council (PCI SSC) Board of Advisors.
As the world inevitably becomes more cashless, outsourcing card and payment activities, as well as ATM management, to a trusted partner such as MEPS can enable banks, merchants, and other organizations to focus on their core business, maximizing profits and minimizing risks.
MEPS solutions are built on state-of-the-art technologies in the fields of international payment systems and payment data hosting. By leveraging tailored, centralized and modular services by MEPS, partners are able to offer their customers a full range of advanced electronic payment services.
In 2022, MEPS launched multiple disruptive products and services including MEPS Fast, Instant Payments and ATM@POS. MEPS Fast is a mobile application that allows merchants to accept payments through their personal smartphones. Instant Payments allows merchants to receive card-based sales on their POS immediately in their bank account. ATM@POS allows merchants to disburse cash to their clients.
Finally, and inspired by the comprehensive solutions the company possesses, MEPS launched its international expansion business, under the brand name of MEPS 360.