News

NIB Bank calls on Euronet Pakistan for debit, prepaid card solutions

July 30, 2013

Euronet Pakistan and NIB Bank Ltd. have signed an agreement under which Euronet will provide outsourced services for the bank's MasterCard and Visa EMV debit and prepaid card programs. The Euronet Worldwide Inc. subsidiary will provide hosting and management for the card products, along with gateway services. 

Karachi-based NIB Bank is the largest foreign bank in Pakistan in terms of branch networks, as well as one of the largest corporate entities in the nation. The bank operates 179 branches in 59 Pakistani cities, serving nearly half a million customers. 

"NIB Bank is fast cementing its position as the provider of the most innovative financial products and services in the country," said Khurram Agha, CIO at NIB Bank.

"Euronet Pakistan shares our passion for innovation ... We hope that with Euronet Pakistan at our side we can achieve greater flexibility and reliability while being scalable in our electronic banking programs."

"We are delighted by the start of this strategic partnership," said Euronet Pakistan managing director Shahid Latif. "[W] we hope that with this strategic partnership, both NIB Bank and Euronet can mutually benefit for years to come."

Read more about outsourcing.