Founded In 2009, Middle East Payment Services (MEPS) Is A Major Issuer And Acquirer Of Visa, MasterCard And UnionPay, With Operations In Jordan, Iraq And Palestine. The Company Provides A Complete Suite Of Secure Payment Solutions For Financial Institution Groups, Merchants And Corporations, Including Card Issuance/escrow, Payment Processing, Alternative Payments, E-commerce Acquiring, Point Of Sales (POS) Acquiring, ATM Driving And Management, And Customized Value-added Services Compliant With PCI Data Security Standards (PCI DSS). MEPS Is Owned By 10 Jordanian And Regional Banks
MEPS Was Established In 2009 With Paid-up Capital Of $7 Million And Over 5 Million Shares Distributed. In The Same Year, MEPS Increased Its Paid-up Capital To $8.40 Million
-In 2012, MEPS Increased Its Capital To $8.70 Million After A Write-off Of $2.80 Million And A Shareholder Capital Injection Of $3.10 Million In 2010.
-In 2012, MEPS Further Increased Its Capital To $11.50 Million By Introducing New Shareholders, MENA Applications And Telecommunication Services.
-In 2014, MEPS Further Increased Its Capital To $12.10 Million By Introducing Two New Shareholders: Burgan Bank Turkey And Burgan Bank Kuwait.
