Global Acceptance will Grow for Both Companies Through Deal
Discover, a digital banking and payments services company, and Network International Jordan, the leading enabler of digital commerce in the Middle East and Africa region and the operator of Jordanian national switch, JONET have signed an agreement that will enable merchant acceptance across Jordan, for Discover, Diners Club International and network alliance cardholders. Additionally, JONET cardholders will be able to use their card on the Discover Global Network when traveling outside of the country.
“Each agreement that Discover signs in the Middle East greatly benefits not just our partners in that region, but cardholders around the world”
JONET supports 100% of ATMs in Jordan and 80% of merchants, meaning that they will open acceptance at almost 2,000 ATMs and more than 18,000 merchants in the next year for consumers using a card that runs on the Discover Global Network. JONET has a particularly strong footprint in the travel and entertainment sector creating a more seamless payments experience for cardholders whether they are looking to pay for their hotel stay or a souvenir from a local shop.
Read More: iShares Takes Steps to Lead Industry in Style Investing
Discover has five network alliance partnerships in the Middle East region resulting in strong acceptance in United Arab Emirates, Bahrain, Lebanon, Saudi Arabia and now Jordan. With more than 50 million merchant acceptance locations and 2 million ATMs in more than 200 countries and territories, JONET cardholders will have strong acceptance in nearby countries and around the world.
Speaking on the agreement, Amjad Al-Sadeq, Network International Jordan CEO, said, “Network International Jordan is proud of this landmark agreement with Discover and the impact that this creates for our customers who will be able to enjoy strong acceptance at POS, ATM and e-commerce. This will also lead to an enhanced customer experience, not only throughout the Kingdom and the surrounding region but on a global scale.”
Read More: Deloitte: Hastened by the Pandemic, Global Enterprises Increase Investments in Advanced Wireless
“Each agreement that Discover signs in the Middle East greatly benefits not just our partners in that region, but cardholders around the world,” said Matt Sloan, vice president of international markets at Discover. “Jordan is a tourist destination for travelers around the world and Network International Jordan will help us increase acceptance for those travelers given the relationships they have with merchants across the country.”
Read More: Newlink Group Raises $300 Million In Funding From Leading Financial Institutions