Karachi, Pakistan – BankIslami Pakistan Limited, a leading Islamic bank in the country, has announced a strategic collaboration with Euronet Pakistan, a division of the US-based Euronet Worldwide (NASDAQ: EEFT), a global leader in payment processing and transaction services. The partnership aims to enhance BankIslami’s Debit Cards and ATM driving services, introduce innovative payment products, and achieve operational efficiencies.
The signing ceremony took place at BankIslami’s Head Office in Karachi, attended by Mr. Rizwan Atta, CEO of BankIslami, and Mr. Kashif Gaya, CEO of Euronet Pakistan, along with senior officials from both organizations.
This collaboration marks a significant step for BankIslami as it migrates all existing Debit Cards and ATMs to Euronet’s advanced payment processing platform. The upgraded infrastructure is designed to improve service uptime, operational efficiency, and customer experience. Euronet will also introduce new card programs and variants, managing the bank’s extensive ATM network across Pakistan. The entire solution will be hosted on Euronet’s PCI-DSS compliant infrastructure within its data center facilities in Pakistan, ensuring adherence to global data security standards and local regulatory guidelines.
Commenting on the partnership, Mr. Rizwan Atta stated, “We are committed to continuously enhancing the products and services we provide to our customers. Partnering with Euronet, a leader in card processing, reinforces our dedication to delivering seamless and secure digital and payment solutions.”
Mr. Kashif Gaya, CEO of Euronet Pakistan, added, “We are honored to be chosen as BankIslami’s technology partner. Our extensive experience in innovation, diversified product offerings, and secure infrastructure in Pakistan will support the bank in expanding its digital product portfolio and delivering exceptional value to its customers. We are excited about this partnership and look forward to a successful collaboration.”
This strategic alliance is expected to set new benchmarks in the Islamic banking sector, further solidifying BankIslami’s position as a leader in Shariah-compliant financial services in Pakistan.
