Euronet Software Solutions, a division of leading electronic payments provider Euronet Worldwide, Inc. (NASDAQ:EEFT), today announced that Republic Financial Holdings Limited, headquartered in Trinidad and Tobago, has commenced the issuance of credit cards to customers at branches of its recently opened subsidiary in Suriname using Euronet's ITM Software. This new product offering follows the Bank's recent expansion to Paramaribo and Nickerie, Suriname in August 2015.
President of Republic Financial Holdings Limited (RFHL, formerly Republic Bank Limited), Nigel Baptiste, said, "This is another milestone in the Bank's longstanding and successful partnership with Euronet, who has facilitated the expansion of the Bank's electronic and card offerings through its numerous state-of-the-art solutions for many years." He added, "The new credit cards, which utilize the CHIP and PIN technology, are a realization of the Bank's promise to provide superior customer service. The introduction of this product offering to our Surinamese market represents another extension of our commitment and desire to provide our customers with a more convenient and secure banking experience, while ensuring that Republic Bank continues to be a leading light in bringing card technology to the region."
"We always welcome the opportunity to assist our customers as they work to grow their business and expand their product and service offerings. It is particularly gratifying to work with an organization like Republic, who has been a Euronet customer for over 20 years, as they expand their service area into Suriname," said Cindy Ashcraft, Vice President of Euronet Worldwide and Managing Director for Euronet Software Solutions. "We're honored that the Republic Group continues to look to Euronet to provide software solutions that have the capacity to scale and grow with their business."