In a strategic move towards digital advancement, the Bank of Khyber (BoK) has inked a significant agreement with Euronet Pakistan for comprehensive digital payments and switch management services. This collaboration encompasses the seamless transition of all debit cards and ATMs from the bank’s existing platform to Euronet’s cutting-edge infrastructure.
The holistic solution, hosted on a PCI-DSS compliant setup within Euronet’s local data center facilities, ensures adherence to global data security standards and local regulatory requirements. This move emphasizes BoK’s commitment to safeguarding customer data and enhancing operational efficiency.
The agreement, formally signed by Irfan Saleem Awan (Acting MD/CEO of BoK) and Kashif Gaya (CEO of Euronet Pakistan), marks a pivotal step in technology integration. Executives from both institutions, including key figures like Shaikh Mashood ur Rehman, Chief Information Officer, and Asim Bashir, Group Head Digital Banking, were present to witness the collaboration.
This partnership not only signifies BoK’s dedication to digital evolution but also establishes a framework for sustained operational excellence, assuring service level guarantees, and future-proofing against technological obsolescence. As the digital landscape continues to evolve, this alliance positions Bank of Khyber at the forefront of innovation in the financial sector.
