Euronet Pakistan launches first EMV Debit Card in Pakistan with MCB

Karachi: Euronet Pakistan, a subsidiary of Euronet Worldwide launched first EMV Debit Card in Pakistan with MCB, leading provider of electronic banking services in the country. Euronet Pakistan is first EMV certified processor and gateway for EMV VISA debit services.

With launch of first EMV Debit Card in Pakistan, Euronet & MCB have introduced most secure payment method available in Pakistan market. EMV Debit cards use an embedded microprocessor that stores, processes, protects card holder data, including identity, account information. Prior to launch, MCB performed stringent testing to ensure Euronet’s service centre, processing systems and operational procedures met global EMV security and regulatory standards.

“Euronet systems are highly flexible, robust and yet at same time have readily available modules to launch new initiatives in this rapidly evolving payment processing arena. MCB is proud to have Euronet as its technology partner. We already have a comprehensive plan in place for steady progress towards being able to offer best electronic banking services,” said Ali Mubashir Kazmi Group Head Consumer Banking, MCB Bank Limited.

MCB has largest network in the country, with debit card base of 2.5 million, over 650 ATMs and always been at forefront in offering electronic banking services to customers. More than 15 years ago, MCB was one of first banks to launch electronic banking services and continues to strive to offer most innovative and synergistic products.

“MCB being first bank in Pakistan to launch Visa Debit EMV Chip card in the market, is indeed great achievement and milestone for all its Visa cardholders,” said Amer Pasha Country Manager Visa Pakistan & Afghanistan. “EMV chip technology presents further security, reliability and convenient way for making purchases all over the country and when travelling. We congratulate MCB and their technology partner, Euronet for successful implementation and further enhancing electronic payment in Pakistan.”

“We are delighted to provide MCB Bank with first mover advantage on VISA EMV Debit Cards,” stated Mohamed Mousa, Vice President, Euronet Middle East, Africa & Pakistan.

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