Business
Euronet Worldwide and Visa Partner Together to Fuel Fintech Growth in Asia Pacific, the World’s Fastest Growing Digital Payments Landscape
LEAWOOD, Kan., Dec. 19, 2019 (GLOBE NEWSWIRE) -- Euronet Worldwide (NASDAQ: EEFT), a leading global financial technology solutions and payments provider, and
About this update from Euronet Worldwide, Inc.
[{"type":"text","content":"LEAWOOD, Kan., Dec. 19, 2019 (GLOBE NEWSWIRE) -- Euronet Worldwide (NASDAQ: EEFT), a leading global financial technology solutions and payments provider, and Visa, the world’s leader in digital payments, today announced a strategic collaboration to fuel and sustain the growth of fintech companies in the Asia Pacific region.\n The partnership utilizes Euronet’s Digital Integrated Payment Cloud (DIPC) and its full stack APIs to enable fintechs to manage the entire lifecycle of card issuing programs in digital or any other form factor. This capability combined with the DIPC’s sandbox and development tools provide one of the most advanced and developer friendly environments available to fintechs. Euronet has substantially invested into Payments as a Service (PaaS) offerings powered by the DIPC to bring benefits of convenience, security, and quick go-to-market capabilities to fintechs as an on-demand partner. Euronet’s microservices-based technology and native cloud APIs produce geographically tailored payment experiences that currently power solutions for more than 20 customers in the Asia Pacific region including digibank for DBS in India and card services for Standard Chartered. Asia Pacific is a hotbed of global innovation with 4.3 billion people, digital payment potential of $23 trillion by 2030, and heterogenous consumer behavior. It also presents a unique set of challenges for the fintech ecosystem. To counter such challenges, Euronet and Visa have designed a program with essential parameters to kick-start and accelerate fintech business momentum in the region such as: Quick Go-To Market: Euronet and Visa have pre-connected touch points and more than a decade experience working together in the region with Euronet powering some of the largest Visa-branded multi-country card issuer programs in the region.Ability To Change: Euronet offers the most sophisticated, highly configurable payment platforms with APIs, sandboxes, and efficient microservices for affecting change and building new feature functionality with no additional investment.Local Infrastructure & Regulatory Experience: Euronet has invested into multiple private clouds and other infrastructure in the region to comply with regulations for on-soil processing and data centers in the region. Additionally, the company has operated in all major countries in the region for d...