Euronet Pakistan - a subsidiary of Euronet Worldwide, today signed a comprehensive Electronic Financial Transactions (EFT) Outsourcing Agreement with Burj Bank, one of the fastest growing Islamic banks in Pakistan.
"As the first EFT outsourcing company in Pakistan, this agreement with Burj Bank Limited is quite extraordinary and reflects the stability and success of our company. Burj Bank is growing rapidly and we look forward to this collaboration and the opportunities it will bring for us both"
Under this agreement, Burj Bank will utilize Euronet's state-of-the-art, PCI DSS compliant processing platform, replacing the current in-house system. Euronet will enable and launch MasterCard debit cards for Burj Bank customers along with other innovative services as part of their extensive overhauling roadmap.
By taking advantage of Euronet's implementation experience, Burj Bank will offer new transactions and services to their customers in a timely and cost-effective manner, to ensure that the Bank stays ahead of its competition.
"This collaboration reflects our trust and confidence on Euronet's capabilities to provide us with the best blend of technology and services. In a short span of time, Burj Bank has become a symbol of prosperity, progress and success. By working with partners who reflect these principles, we will be able to deliver world class banking services as we rapidly expand our customer base in the country. Through our partnership with Euronet, we will have access to the latest security and compliance methodologies in the payment industry, which will enable us to create greater value for our customers while ensuring reliability and scalability," said Ahmed Khizer Khan, President & Chief Executive Officer, Burj Bank.
"As the first EFT outsourcing company in Pakistan, this agreement with Burj Bank Limited is quite extraordinary and reflects the stability and success of our company. Burj Bank is growing rapidly and we look forward to this collaboration and the opportunities it will bring for us both," said Mohamed Mousa, Vice President Euronet Worldwide & Managing Director Middle East, Africa and Pakistan.
The contract signing ceremony was attended by representatives from both the organizations including Ahmed Khizer Khan, CEO, Burj Bank and Mohamed Mousa, Vice President Euronet Worldwide & Managing Director Middle East, Africa and Pakistan. This win is a testament to Euronet's commitment to delivering secure, cost effective and state-of-the-art technology to the banking sector within Pakistan, Afghanistan and Central Asia.