Soneri Bank Limited, one of Pakistan’s leading financial institutions, has entered into a strategic partnership with Euronet Pakistan, a division of global electronic transaction processing leader Euronet Worldwide (NASDAQ: EEFT). This collaboration represents a major step in Soneri Bank’s digital transformation journey, enabling comprehensive modernization of its credit card and acquiring business through a fully outsourced and managed services model.
Under the partnership, Euronet Pakistan will provide an end-to-end card and payments platform that supports credit card issuance and POS acquiring. The platform is equipped with future-ready capabilities, designed to expand Soneri Bank’s broader cards and digital payments ecosystem. Hosted on Euronet’s PCI DSS–compliant infrastructure at its advanced data center facilities in Pakistan, the solution promises high availability, guaranteed service levels, and robust data security aligned with international standards.
Key features of the collaboration include tokenization and Google Pay enablement, which will empower Soneri Bank to offer secure, contactless payment options for its customers. This move positions the bank to deliver seamless, omnichannel payment experiences across both digital and physical touchpoints, reinforcing its status as an innovator in Pakistan’s banking sector.
By leveraging Euronet’s managed services model, Soneri Bank gains operational agility, enhanced scalability, and the ability to roll out new products efficiently while reducing operational complexity. This allows the bank to focus on customer-centric innovation and growth, with Euronet managing the underlying technology infrastructure.
The signing ceremony was attended by senior executives from both organizations. Representing Soneri Bank were CEO Muhtashim Ashai, Deputy CEO Ahsan Mushahid, CIO Muhammad Salman, and CD&IO Syed Amir Raza. Euronet Pakistan was represented by CEO Kashif Gaya, Head of Development and Operations Dawer Khan, and Head of Business Development Faisal Amin.
Speaking at the event, Soneri Bank CEO Muhtashim Ashai said: “We are excited to partner with Euronet and leverage their global expertise in managing large-scale card portfolios and acquiring solutions. This partnership marks a major step in our digital transformation, enabling us to deliver innovative, secure, and convenient payment experiences to our customers. Together with Euronet, we aim to create a best-in-class payments ecosystem aligned with our vision of seamless and differentiated banking.”
Euronet Pakistan CEO Kashif Gaya added: “We are delighted to form this long-term partnership with Soneri Bank and to serve as their technology partner for card and acquiring operations. Our collaboration reflects a shared vision to advance Pakistan’s digital payments landscape through secure, scalable, and innovative technology. We look forward to supporting Soneri Bank as they expand their card programs and digital initiatives.”
The partnership underscores the commitment of both organizations to drive digital financial inclusion and enhance Pakistan’s payments infrastructure. By leveraging Euronet’s global technology and operational excellence, Soneri Bank is positioned to expand its digital payments business, introduce innovative products, and meet the evolving needs of consumers and merchants in an increasingly digital economy.
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