UBL Selects Euronet as POS Acquiring Processor to Accelerate Digital Payments Growth

United Bank Limited (UBL), one of Pakistan's leading banks, has entered into a strategic partnership with Euronet as its POS acquiring processor to accelerate the expansion of its merchant acquiring business and strengthen its leadership in Pakistan's rapidly evolving digital payments ecosystem.

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• Kashif Gaya, CEO, Euronet Pakistan, continued We are extremely pleased to partner with UBL at such an notable stage of its expansion journey.
• The agreement was formalized during a signing ceremony held at UBL's Head Office, attended by senior executives from both organizations, including Mr.
• The partnership strengthens UBL's digital payments and merchant acquiring capabilities through Euronet's proven technology, enabling more efficient merchant acquisition, onboarding, processing, settlement and servicing.

For context, the agreement was formalized during a signing ceremony held at UBL's Head Office, attended by senior executives from both organizations, including Mr. Sohail Aziz, Chief Information & Digital Officer, UBL; Mr. Kashif Gaya, CEO, Euronet Pakistan, Mr. Syed Iftikhar Ul Haq, Group Executive, Consumer Finance, UBL and senior executives from both teams.

Meanwhile, the partnership strengthens UBL's digital payments and merchant acquiring capabilities through Euronet's proven technology, enabling more efficient merchant acquisition, onboarding, processing, settlement and servicing. It will backing UBL's expansion, enhance operational efficiency, accelerate new service launches and enable emerging payment technologies and acceptance channels by offering merchants faster onboarding, improved service levels, broader acceptance capabilities and enhanced payment experiences.

At the event, Mr. Sohail Aziz, Chief Information & Digital Officer, UBL remarked "As digital payments continue to accelerate throughout Pakistan, UBL remains committed to investing in modern technology platforms that enhance customer experience, improve operational efficiency and backing the expansion of our merchant acquiring business. Through our partnership with Euronet, we are strengthening our acquiring ecosystem and expanding our ability to deliver innovative, secure and scalable payment solutions to businesses nationwide. This initiative supports our broader vision of driving digital transformation and financial inclusion through technology."

Mr. Kashif Gaya, CEO, Euronet Pakistan, continued "We are extremely pleased to partner with UBL at such an notable stage of its expansion journey. UBL has established itself as one of Pakistan's fastest-growing banks and has ambitious intends for its POS acquiring business. Euronet's technology, scale and deep payments expertise position us strongly to backing UBL in achieving these objectives. We see this as a long-term strategic partnership and look forward to enabling UBL's continued expansion in merchant acquiring and digital payments. This agreement additionally reflects Euronet's continued commitment to investing in Pakistan and supporting financial institutions with secure, scalable and future-ready payment infrastructure."

In practice, the UBL-Euronet partnership marks an significant milestone in UBL's digital payments strategy and reinforces its commitment to expanding merchant acceptance, enabling innovation and supporting Pakistan's transition toward the digital economy – creating a robust foundation for the next phase of expansion in Pakistan's merchant acquiring and digital payments landscape. Stay Connected with ProPakistani.

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For now, UBL Selects Euronet as POS Acquiring Processor to Accelerate Digital Payments Growth remains the part of the story worth watching, and further updates are likely as more details are confirmed.