Under the master services agreement, Euronet and Standard Chartered Bank will identify and tailor services relevant to their local countryâs unique requirements. Currently, Euronet is engaged with Standard Chartered Bank in ten countries. Euronet has finalized service arrangements with SCB Qatar, India and UAE. The Standard Chartered Bank Qatar project is live with Euronet providing ATM driving and card management services. Euronetâs processing solution also addresses Standard Chartered Bank Qatarâs Europay, MasterCard and VISA (EMV) compliance requirements.
The potential opportunities for Euronet from the global Standard Chartered Bank agreement include ATM management services across 15 countries over the next two years.
Prior to signing the global partnership agreement with the Standard Chartered Bank, Euronet has been managing ATMs for the Bank in India since 2003. The global partnership with Standard Chartered Bank further strengthens Euronetâs position as a leading full-service EFT outsourcing partner to banks across Asia, Africa and the Middle East. Furthermore, the partnership enables Euronet to leverage its established state-of-the-art data centers in the region â Bahrain, China, India and Indonesia â to process ATM and card services for the Standard Chartered Bank.
âWe are very excited to service Standard Chartered Bank, one of the worldâs leading international banks, in multiple countries,â said Michael J. Brown, chairman, CEO and president. âEuronet will enable Standard Chartered Bank to rapidly address ATM network expansion, compliance requirements and provide new transaction functionalities across multiple countries in a very timely and cost-effective manner.â