Jordan's Safwa Islamic Bank said it has signed a co-operation agreement with Middle East Payment Services (MEPS), a leading, innovative payment services provider in the Middle East, to issue Mastercard prepaid cards for its clientele.

As per the deal, all of Safwa Islamic Bank’s clients will be able to obtain Mastercard prepaid cards from any of its locations spread across Jordan, said the statement from the bank.

These internationally and locally-recognized cards will enable users to make secure internet purchases and to utilize ATMs and point-of-sale (POS) devices, it stated.

The agreement was recently signed at the Bank’s headquarters in Al Abdali in the presence of the Bank’s representatives, Rami Al Khayyat, Deputy CEO and Chief of Corporate Banking and Ibrahim Samha, Deputy CEO and Chief of Finance and Corporate Strategies, in addition to Walid Al Nasser, MEPS CEO, as well as Mastercard representatives, Basel Eltell, General Manager for Saudi Arabia and the Levant, and Mohammed Qadadeh, Jordan Country Manager.

These cards can be easily recharged through online banking and mobile phones. On its part, MEPS will be handling the operation and management of the cards, in addition to providing other pioneering solutions to Safwa Islamic Bank.

Addressing the gathering, Safwa Islamic Bank’s joint-deputy CEOs, Rami Al Khayyat and Ibrahim Samha, said, “We at Safwa Islamic Bank work diligently to meet the primary needs of our clients. On that note, Mastercard prepaid cards are one of the most important services required by all age groups in our community.”

MEPS chief executive Walid Al Nasser said the company strives to provide innovative and secure solutions and services to meet the ever-changing needs of its clients.

"We are pleased to be working with Safwa Islamic Bank, supporting its endeavors to offer its clientele the invaluable services afforded by the Mastercard prepaid cards," he noted.

“Furthermore, the technologies we offer, coupled with our diverse partnerships and the expertise of our team, contribute to strengthening the Company's local and regional profile, in addition to solidifying its commitment to best practices, unparalleled service delivery and innovative technological solutions,” he added.-TradeArabia News Service