Euronet Worldwide Inc., an electronic payments provider, has signed a global master services agreement with Standard Chartered Bank, a leading international bank with an extensive network in over 50 countries.
Standard Chartered Bank has selected Euronet to provide global ATM network services along with ATM and card management services to the Bank in Asia, Africa and the Middle East on a country-by-country basis. Under the master services agreement, Euronet and Standard Chartered Bank will identify and tailor services relevant to their local country’s unique requirements. Currently, Euronet is engaged with Standard Chartered Bank in ten countries. Euronet has finalised service arrangements with SCB Qatar, India and UAE. The Standard Chartered Bank Qatar project is live with Euronet providing ATM driving and card management services. Euronet’s processing solution also addresses Standard Chartered Bank Qatar’s Europay, MasterCard and VISA (EMV) compliance requirements.
“We are very excited to service Standard Chartered Bank, one of the world’s leading international banks, in multiple countries,” says Michael J. Brown, chairman, CEO and president. “Euronet will enable Standard Chartered Bank to rapidly address ATM network expansion, compliance requirements and provide new transaction functionalities across multiple countries in a very timely and cost-effective manner.”