Euronet Worldwide has entered into an agreement with Standard Chartered Bank to provide ATM and card management services in Asia, Africa and the Middle East on a country-by-country basis.
Under the terms of the agreement, Euronet and Standard Chartered Bank will identify and tailor services relevant to each country’s unique requirements. The deal could see Euronet providing ATM management services across 15 countries over the next two years.
The agreement builds upon an existing arrangement between the two companies as Euronet has been managing ATMs for Standard Chartered Bank in India since 2003. As well as bolstering this relationship, the new partnership deal will strengthen Euronet’s position as a leading full-service EFT outsourcing partner to banks across Asia, Africa and the Middle East.
Furthermore, the partnership enables Euronet to use its established data centers in Bahrain, China, India and Indonesia to process ATM and card services for the bank. This will enable Standard Chartered Bank to expand its ATM network and services across the region.