JS Bank, one of Pakistan’s largest banks, and Euronet Pakistan, a division of Euronet Worldwide (NASDAQ: EEFT) and an industry leader in processing secure electronic financial transactions, have just struck an agreement to manage and outsource JS Bank’s credit card program.
At a ceremony conducted at JS Bank’s head office in Karachi, Atif Salim Malik, Group Head Retail Banking, and Kashif Gaya, CEO, Euronet Pakistan, inked the agreement.
Euronet will supply JS Bank with a complete end-to-end credit card management system, as well as card payment scheme gateways, hosted on Euronet’s PCI-compliant infrastructure in its data center facilities in Pakistan, as part of this partnership.
This agreement will also provide JS Bank with assured service levels and processing uptimes, allowing for scalability, rapid rollout of business initiatives, and lower operational costs.
Atif Salim Malik, Group Head, Retail Banking, said, “We are glad to partner with Euronet and leverage their unmatched skillset in portfolio migrations and expertise in driving large credit card programs as a card processor.”
“This partnership with an industry leader, clearly illustrates our intend and determination to scale and offer highly innovative credit cards products that would deliver great value to customers and an exceptional card holder experience,” he added.
Kashif Gaya, CEO Euronet Pakistan, said, “We are pleased to have entered a long-term valuable partnership with JS Bank and to be selected as the technology partner to operate their credit cards program.”
“This partnership completely aligns with our focus on product innovation and commitment to provide robust and scalable credit card processing in Pakistan. We look forward towards this partnership and would like to extend our gratitude towards JS Bank for placing their trust in our local market expertise and technology platform,” he added.
To read our blog on “JS Bank First-Ever ‘Self Service’ Banking On Whatsapp Launched In Pakistan,” click here.
