Middle East Payment Services Signs Joint
Cooperation Agreement with Sanadcom for Business Finance
Amman,
June 2019: Middle East
Payment Services (MEPS) - a leading, innovative payment services provider in the
Middle East - has inked a joint cooperation agreement with Sanadcom for Business
Finance (Sanadcom) - a company specialized in financing small and medium enterprises
(SME). The agreement was signed by MEPS CEO Waleed Alnaser and Sanadcom
CEO Sami Sallakh, in the presence of a number of executive directors from both
parties.
Under the collaboration, Sanadcom will provide financing
facilities and solutions for MEPS clients, with competitive incentives
and financing rates on the total value of annual transactions made via
point-of-sale (POS) devices, and at excellent interest rates. The agreement also
covers Sadacom’s potential SME clients.
“We are pleased to work with MEPS, which
is an ideal partner for our business. This agreement is closely aligned with
our corporate mission and ongoing efforts to create a solid financing ecosystem
by offering financial and non-financial products that cater to the requirements
of the SME sector. This sector plays a vital role in developing and advancing our
national economy by generating job opportunities for youth, alleviating
unemployment, reducing poverty and encouraging entrepreneurs, particularly
women, to invest in their capabilities,” stated Sallakh.
In turn, Alnaser commented, “We are excited to be partnering
with Sanadcom, which is a pioneering company that continuously strives to deliver
unique financing services. By virtue of this agreement, our SME clients can now
obtain the financing they need for expanding their businesses, as we continue
to move forward and further cement our leading position within the local and
regional payment services industry.”