Mobile payment companyMOBIbucks announced a partnership last week with Middle East Payment Services (MEPS), a consortium of seven banks throughout the Middle East, to bring mobile payments to the Middle East.

The partnership will facilitate MOBIbucks's launch of a new mobile payment system, called tWallet, that could revolutionize how customers make payments in Jordan, Lebanon, Iraq, and the United Arab Emirates. 

With the total value of mobile payments set to reach $670 billion worldwide by 2015, it seems a ripe time to tap into a market that has historically been credit card and banking shy.