Euronet Pakistan, a subsidiary of Euronet Worldwide Inc., and NIB Bank Limited, signed a landmark agreement to provide outsourced services for EMV Debit, Prepaid Card Hosting & Management and Gateway Services for both MasterCard & VISA. The agreement was signed at a ceremony held at the NIB Bank’s head office in Karachi.
NIB Bank is the largest foreign bank in Pakistan in terms of its branch network. The Bank’s resolve is to provide world-class financial products and services to the banking population of Pakistan. Euronet Pakistan’s elaborate service offerings will perfectly complement the aggressive growth strategy of NIB Bank and will ensure that NIB Bank delivers on its strategic intent to be a high performance bank.
“NIB Bank is fast cementing its position as the provider of the most innovative financial products and services in the country. Euronet Pakistan shares our passion for innovation. In a short span of time Euronet Pakistan has become the market leader in terms of innovation, compliance, service quality and delivery,” stated Khurram Agha, Chief Information Officer, NIB Bank. “We have confidence in Euronet Pakistan’s capabilities and we signed them up after careful deliberations and discussions with all the players of the local market. We hope that with Euronet Pakistan at our side we can achieve greater flexibility and reliability while being scalable in our electronic banking programs.”
“We are delighted by the start of this strategic partnership. We are confident that we can meet the expectations of NIB Bank and provide them with a perfect blend of local and global expertise to fast track their modernization process. Our service levels are the best in the country and we hope that with this strategic partnership both NIB Bank and Euronet can mutually benefit for years to come,” stated Shahid Latif, Managing Director of Euronet Pakistan.