OP Digital Providers Pvt Ltd. (OPay), a Smooth-Financial institution backed fintech, has entered into an settlement with Euronet Pakistan to quickly develop the native funds ecosystem, speed up the turnaround of a cash-based financial system into the digital funds retail financial system, and create a financially inclusive Pakistan.
OPay plans to deploy over 100,000 good POS gadgets in Pakistan which can equip the native retailers to just accept all types of funds and provide value-added companies to each playing cards based mostly and cash-based clients.
Being a worldwide chief in digital fee processing, Euronet will drive and course of transactions via OPay POS terminals and act as a transaction processing hub and a gateway for all worldwide fee schemes.
As well as, OPay may even use Euronet fee rails to supply value-added companies equivalent to Invoice Funds, Cellular Prime-Ups, and Money/Card Primarily based transfers to retailers and clients utilizing its good POS gadgets.
All the resolution will likely be hosted on Euronet’s PCI compliant utility and infrastructure in its knowledge middle services in Pakistan and can provide assured service ranges and processing uptimes that can assist OPay to scale, optimize, and quick observe the rollout of companies.
The signing ceremony held at Lahore was attended by Qaiser Sheikh – Director Partnerships, OPay, Kashif Gaya – CEO Euronet Pakistan, Sobia Islam – Head of Human Sources, OPay, Raza Hassan – Supervisor Authorized, OPay, Dawer Khan – Head of Implementations & Buyer Providers, Euronet Pakistan, and Abdullah Maqsood Khawaja – Supervisor Company Partnerships & Alliances, Euronet Pakistan.
Talking on the event, Qaiser Sheikh, Director Partnerships, OPay, acknowledged, “Euronet is the main expertise supplier of POS buying in Pakistan with an intensive, scalable and probably the most subtle POS driving platform. We see Pakistan as crucial market with an important potential to digitize the financial system and we stay up for leveraging their experience and powerful market footprint to drive our monetary inclusion technique.”
Kashif Gaya, CEO Euronet Pakistan, stated, “We’re happy to be chosen as a expertise associate by Opay to play a key position in its huge monetary inclusion program. This collaboration is a steppingstone in direction of the acceleration of expertise inclusion and can facilitate POS aggregation and digitization of retail funds. We stay up for this long-term strategic partnership and help OPay in growing a complete digital funds ecosystem.”