Mastercard joins hands with Euronet to provide payment
solutions
Mastercard has unveiled a strategic collaboration with
Euronet, a leading provider of secure electronic financial transaction
processing, to introduce Card as a Service (CaaS) and Bank as a Fintech (BaaF)
solutions to Pakistan. The emerging CaaS and BaaF models empower banks,
non-financial institutions, and fintech firms to effortlessly develop and
launch innovative, scalable products, expediting their entry into the market.
Under this partnership, Mastercard's array of products and
services will be made available to a diverse range of stakeholders through the
establishment of a market-ready CaaS and BaaF hub operating within a fully
outsourced and managed services framework, hosted on Euronet's cutting-edge
payments platform.
Meezan
Bank and NIFT ePay increase cooperation in digital payments
This comprehensive offering encompasses Mastercard and
Euronet's integrated platform and solutions, enabling organizations to swiftly
introduce next-generation customer offerings. Additionally, this collaboration
streamlines the process for issuing banks to swiftly introduce customer-centric
solutions, backed by readily deployable market scenarios, and delivered through
test portals tailored for banks, fintechs, and non-financial enterprises.
Source: Geo TV