Euronet Partners With Banco Pichincha To Modernize Card Processing And Issuing In Ecuador
Portfolio Pulse from Benzinga Newsdesk
Euronet (NASDAQ:EEFT) has announced a multi-year partnership with Banco Pichincha, Ecuador's largest private bank, for prepaid and debit card issuing and processing services. The partnership will involve the use of Euronet's Ren payments platform and will enable Pichincha to modernize its payments platform, comply with regulatory mandates, and introduce innovative products. The agreement also includes integration with Visa and Mastercard and will pave the way for the bank's digital transformation.
November 02, 2023 | 1:19 pm
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Euronet's partnership with Banco Pichincha could lead to increased revenues and market share in Ecuador. The integration with Visa and Mastercard could also enhance Euronet's reputation and visibility in the financial technology sector.
The partnership with Banco Pichincha, Ecuador's largest private bank, could significantly increase Euronet's revenues and market share in the country. The integration with Visa and Mastercard could also enhance Euronet's reputation and visibility in the financial technology sector, potentially attracting more partnerships and customers.
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