Euronet Pakistan, a division of Euronet Worldwide—a US-based NASDAQ-listed company and a global leader in payment processing and transaction services—has announced a strategic partnership with Smart 1 Tech Pvt Ltd. Smart 1 Tech is a subsidiary of the Mercury Group of Companies and is recognized as a leading fintech, developer, manufacturer, and system integrator of innovative financial and digital technology solutions.
The collaboration is aimed at accelerating the growth of point-of-sale (POS) acquiring across Pakistan. This strategic alliance is expected to drive the rapid expansion of digital payments infrastructure, making digital payment acceptance more accessible for merchants and supporting the country’s broader financial inclusion objectives.
A formal signing ceremony took place in Karachi, where senior executives from both companies gathered to mark the occasion. The partnership is seen as a major milestone in Smart 1 Tech’s mission to expand and modernize its POS acquiring footprint throughout Pakistan.
Under the agreement, Smart 1 Tech will leverage Euronet’s robust, globally proven POS driving platform. This platform is built to handle large transaction volumes and is fully equipped to support future digital payment acceptance use cases. Through this integration, Smart 1 Tech aims to accelerate merchant onboarding processes and enhance card and digital payment acceptance across key retail and commercial sectors in the country.
Kashif Gaya, CEO of Euronet Pakistan, expressed his optimism about the partnership, stating:
“We are proud to partner with Smart 1 Tech Pvt Ltd to address the growing demand for reliable and scalable cards and digital acceptance across Pakistan. This strategic collaboration underscores our mutual commitment to advancing the country’s digital payment infrastructure and providing merchants with high-quality, secure, and efficient payment services. Together, we aim to empower merchants nationwide with the tools they need to thrive in an increasingly digital economy.”
Fahad Bin Ahmed, CEO of Smart 1 Tech Pvt Ltd, highlighted the importance of the alliance, saying:
“Our partnership with Euronet marks a strategic step forward in reshaping Pakistan’s payment landscape. With their market leadership, unmatched service quality, and deep POS footprint, Euronet is the perfect partner to help us deliver innovative, reliable, and customer-first payment solutions. This alliance reflects a joint commitment to financial inclusion and to building a truly digital economy for Pakistan.”
This partnership is expected to significantly enhance the country’s digital transaction ecosystem, empowering merchants and consumers alike. By combining Euronet’s technological expertise and international experience with Smart 1 Tech’s innovative approach and local market insight, the collaboration is poised to play a transformative role in the advancement of digital financial services in Pakistan.
