This system will manage transaction straight-through processing and customer onboarding for the company’s groundbreaking customer-centric digital initiative.
The solution includes the management of all payment scheme issuance and purchasing programmes, as well as interface with fraud and anti-money laundering systems.
The implementation is being carried out in accordance with the most recent security standards, including dynamic key management, enhanced e-commerce transaction security checks, multi-factor authentication, and TLS 1.2, which is being implemented across all internal Standard Chartered systems and International Payment Scheme Gateways, and is a first for VISA and MasterCard in Pakistan.
As a result of the merger, Standard Chartered will be the first bank in Pakistan to accept and process DCC transactions at its ATMs.
Mr. Kashif Gaya, Euronet’s CEO, said at the event, “We are very thrilled to work with Standard Chartered Pakistan as a valued customer.” Pakistan has become the 12th Standard Chartered country to join the Euronet platform. We feel that our global strategic cooperation with Standard Chartered is a testament to our vision and depth in our extensive product offering, which provides multi-dimensional financial institutions with guaranteed uptime and processing efficiency.
“Our partnership with Euronet Pakistan is a strategic global alliance that has enabled us to expand our product offerings and enhance our digital footprint in the country at a much faster pace,” said Syed Mujtaba Abbas, Managing Director and Head, Consumer, Private and Business Banking, Standard Chartered Bank Pakistan. This partnership has strengthened our momentum to cement our leading position in the digital banking sector, keeping our clients at the centre. Simultaneously, we’ll provide much-needed platform consolidation to boost transaction processing efficiency and volumes, as well as introduce focused customer-centric solutions. Technology and business solutions are being ramped up.
