Middle East Payment Services Now Accepting UnionPay Cards in Jordan
Bolstering its international standing in the field of secure electronic payment services, Middle East Payment Services (MEPS) - a consortium of elite local and regional banks that serves as a leading, innovative payment services provider in the Middle East – has launched its partnership with the world’s leading card scheme with UnionPay International (UPI). As per an agreement signed by MEPS Chairman, Caesar Qulajen, and China UnionPay Chairman, Ge Huayong, on Tuesday 22 March, 2016, at the Sheraton Amman Al-Nabil Hotel; MEPS will now start accepting UnionPay cards on POS and ATM in Jordan and Palestine and and will act as a third party service provider in Iraq, capable of issuing and processing transactions on behalf of UPI. UnionPay, a fast-growing international bankcard scheme, not only plays a defining role in China’s industry development but is also growing to be one of the world’s leading bankcard associations. Now, it has enabled card acceptance in 156 countries and regions outside the Chinese mainland, and has realized card-issuance in over 40 countries and regions globally.Constantly striving to develop its network, UPI actively collaborates with a wide-range of partners worldwide, limiting card risks and extending its unique card standards and regulations. During the signing of the agreement, which was attended by the press as well as the general managers of a number of esteemed commercial banks operating in the Kingdom, Qulajen said, “We are extremely pleased to announce our partnership with UnionPay International, a leading member of the East Asian credit card industry. Through this new partnership, we aim to continue to further strengthen our position as an innovative, regional payment services provider in the Kingdom.” On his part, MEPS CEO, Khaled Zakaria, commented, “Allowing us to expand into new markets and putting us in touch with a growing customer base, our new scheme with UnionPay International marks an extraordinary leap forward for MEPS. By initiating new and effective card schemes, we persist in our ongoing efforts to promote the use of secure electronic payment solutions by both individuals and companies, contributing to the development of the sector.” China UnionPay Chairman, Ge Huayong said, benefited from the implementation of the “Belt and Road” strategy, UnionPay has made positive progress in Jordan. Since last year, our project with the two major acquirers in Jordan is progressing smoothly, and will realize full acceptance by the end of this year. The landing of the project will comprehensively improve our service to UnionPay cardholders visiting Jordan. In the future, we will continue to join hands with major institutions in realizing large-scale card-issuance here, so that Jordan residents can enjoy convenient payment experiences at home and in the Middle East.