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JS Bank and Euronet become tech partners for credit cards processing

Euronet will provide JS Bank with a complete end-to-end credit cards management solution along with the card payment scheme gateways hosted on Euronet’s PCI-compliant infrastructure in its data center facilities in Pakistan.

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JS Bank, one of Pakistan’s fastest-growing banks, recently signed an agreement with Euronet Pakistan to boost JS Bank’s credit cards program under a fully outsourced and managed services model.

To clarify, Euronet Pakistan is a division of Euronet Worldwide (NASDAQ: EEFT), an industry leader in processing secure electronic financial transactions.

Atif Salim Malik, Group Head Retail Banking, JS Bank, and Kashif Gaya, CEO of Euronet Pakistan signed the agreement at a ceremony held at the Bank’s head office in Karachi.

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According to details, Euronet will provide JS Bank with a complete end-to-end credit cards management solution along with the card payment scheme gateways hosted on Euronet’s PCI-compliant infrastructure in its data center facilities in Pakistan.
Furthermore, the arrangement will offer guaranteed service levels and processing uptimes, allowing JS Bank to quickly roll out business initiatives, and reduce its operational overheads.

A valuable partnership

“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,” Atif Salim Malik, Group Head, Retail Banking, said on the occasion.

“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 cardholder experience,” he further added.

Meanwhile, Kashif Gaya, CEO of 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 providing robust and scalable credit card processing in Pakistan. We look forward to 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.

Read more: JS Bank launches app for digital banking experience

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