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.
MEPS 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). The company 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 2023 MEPS launched multiple disruptive products and services. The Multi Merchant POS machine is the first in Jordan to enable merchants who operate more than one branch, as well as restaurant chains, to connect the sales of all branches. With the Multi Restaurant Delivery POS machine, a food delivery company can service hundreds of restaurants through just one POS machine. MEPS also enabled local online businesses to effortlessly integrate Network Tokenization for enhanced payment security and convenience.
Finally, in an effort to make its services accessible to a wider network of merchants, MEPS is reducing its onboarding process time for online businesses from four business days to only one.
