Euronet Pakistan has entered into an agreement with JS Bank, a commercial online internet lender, to provide gateway services for Visa & MasterCard products.
As per the agreement, project teams from both the companies have already started work on the project to enable smooth MasterCard & Visa credit card services for the bank’s customers.
Commenting on the agreement, JS Bank Pakistan president & CEO Kalim-ur-Rahman said that the bank has selected Euronet Pakistan due to its drive, market reputation and technological edge to provide a gateway solution in accordance with global standards.
"This confidence of service delivery will ensure that we continue to grow our card suite providing innovative products and services for customers across Pakistan," Kalim added.
Having a PCI DSS 2.0 certified processing facility in Karachi, Euronet Pakistan is the only third party processor in the country, which delivers gateway services for all three global card franchises, VISA, MasterCard and UnionPay, available in Pakistan.
Serving clients in about 150 nations, Euronet provides a complete suite of services such as debit and credit card processing, chargeback processing, generation of settlement and reconciliation reports, among others.
Part of JS Group, the bank manages a network of over 185 branches across 100 cities and delivers an array of conventional banking solutions including retail, consumer, commercial and corporate banking services in the country.