Emerging Markets Payments and Meps target Jordanian POS market

This collaboration will allow the two companies to work together to further enhance electronic payment offerings in the Jordanian market.I had been offered a full scholarship at the age of 27. It had taken years of hard work and an uneasy industrial washing machine life in Delhi's heat to reach a stage where I could secure a place at a university ranked among top 50 in the QS World University Rankings.According to Paul Edwards, Chairman of EMP Group, "This agreement aims at providing better service to cardholders and merchants by providing a single POS terminal that will accept all major card schemes. This will greatly help overcome the challenge faced by merchants, as they will no longer require multiple POS terminals to cover all card schemes and acquirers.Targa director Peter Martin freely admits that without huge numbers of volunteers,kayak seat pads as well as St John Ambulance staff, marshals and others it would be an impossible task. This saves unnecessary costs and is also more convenient for cardholders."Dr Abdul Malik Al Jaber, Chairman of MEPS, believes that, "Jordan enjoys a very strong banking sector supported by a solid regulatory environment. However, the rate of card usage compared to card issuance is relatively low. 

EMP and MEPS believe that by combining their POS fleet, under EMP's management, they will provide a better experience for both merchants and cardholders. This is expected to positively reflect on card usage rates". According to Dr. Al Jaber, Jordan is the hub of MEPS' operations; the company currently also operates in Iraq and Palestine and plans to expand soon to North Africa."MEPS is well aware that e-commerce, which is forecast to reach USD 16 billion by 2015, poses huge potential for the e-payment industry. MEPS is committed to providing the Jordanian and regional markets with innovative and secure online and mobile payment solutions that cater to the needs of all parties within the payment cycle," said Izdehar Safarini, Deputy CEO of MEPS. 

"We believe that our partnership with EMP will positively impact MEPS' operations, as well as the entire e-payment sector in Jordan.Overall, corporate suction hose earnings for the third quarter have been better than analysts had forecast.Earnings for S&P 500 companies are expected to grow by 5.2 percent in the July-to-September period, according to S&P Capital IQ."The agreement signed between is for a term of seven years, during which EMP will be responsible for deployment and management of the unified fleet of POS terminals, including the provision of maintenance and all logistics relating to POS field services. MEPS and EMP will aalso partner in providing value added services, including e-voucher, bill payments and e-commerce services."Electronic payment solutions are gaining tremendous popularity among industry players and consumers alike.