The Bank of Khyber (BoK) has forged a strategic partnership with Euronet Pakistan to enhance digital payments and switch management services. This collaboration encompasses the comprehensive implementation and portfolio migration of all debit cards and ATMs from the legacy platform, integrating them seamlessly into Euronet’s systems.
The entire solution will be housed in a PCI-DSS compliant infrastructure within Euronet’s data center facilities in Pakistan, ensuring full adherence to global data security and customer data protection standards. To align with local regulatory requirements, all customer and transactional data will be maintained within Pakistan, assuring compliance with local regulations.
The partnership goes beyond, offering service level guarantees with safeguards against technology obsolescence, encompassing hardware upgrades and business continuity measures. These provisions aim to ensure optimal operational performance for the Bank.
The formal agreement was signed by Irfan Saleem Awan, Acting MD/CEO of BoK, and Kashif Gaya, CEO of Euronet Pakistan. Senior executives from both institutions were present, including Shaikh Mashood ur Rehman (Chief Information Officer), Asim Bashir (Group Head Digital Banking), Sher Muhammad (Group Head Conventional Banking), Khalid Abdul Aziz (Chief Compliance Officer), Moin Rana (Group Head Operations), Manzar Habib (Chief Information Security Officer), Shahzad Qureshi (Departmental Head Business Technology), Saqib Shahzad (Senior Project Manager), Syed Ghouse Fakhri (Head of Business Development & EPMO), and Furqan Habib (Senior Manager Finance) from Euronet.
