LEAWOOD, Kan., Dec. 17, 2020 (GLOBE NEWSWIRE) -- Euronet India Services Pvt. Ltd, a division of leading global financial technology solutions and payments provider Euronet Worldwide, Inc., (NASDAQ: EEFT), announced today it has migrated Cosmos Bank in India to the modern processing technologies of Euronets REN Ecosystem.
Cosmos Bank, the second largest co-operative community bank in India with more than 114 years of service, selected Euronet to drive the next level of its digital growth strategy. To achieve the project goals, Euronet implemented an on-demand pay as you grow services model for powering the banks card-based and real time account-based payment services. Euronet is using globally proven payments technologies and products from its next generation REN Ecosystem to replace the banks on premise switching system through cloud-based solutions that include:
The REN-based services and core processing platform are hosted and managed in a private cloud at Euronets data centers where they are API-accessible for building custom solutions and constantly monitored to meet the banks high reliability, accessibility, and security (RAS) parameters. In addition, the project was delivered on time in a matter of months despite challenges created by the COVID-19 pandemic.
Cosmos Bank has been scouting for a trusted partner to modernize our payments infrastructure, said Arti Dhole, Chief Information Officer for Cosmos Bank Ltd. After running our due diligence, we are proud to partner with a global leader like Euronet. Since our inception, Cosmos Bank has used technology to offer an innovative banking experience to our customers. With this partnership, we reiterate our commitment to customers via implementation of a state-of-the-art core payments platform.
Cosmos Bank is one of the most digitally savvy banks in India, and Euronet is pleased to partner with them on their journey of modernizing their core payments infrastructure, said Pranay Jhaveri, Euronet Country Manager for India/South Asia. This is a landmark partnership for Euronet and provides more validation for the company as a partner of choice for leading banks and national networks in India and the Asia Pacific region.
About Cosmos Bank
Established in 1906, theCosmos Co-operative Bank Ltd. is the second oldest and second largest bank in India with 114 years of service and multi-state scheduled status in 1997. The bank has nurtured its traditional values in business practices and in serving the small customers. At the same time, the bank has adopted new technologies and advanced banking tools to add value to its services. Cosmos Bank has carved a niche in the banking sector due to its rich heritage, integrity, adherence to prudent banking practices, technology advancement, customized products and services and most of all due to its experienced, qualified and professional Board of Directors. The banks website is http://www.cosmosbank.com.
About Euronet Worldwide, Inc.
Euronet Worldwideis an industry leader in processing secure electronic financial transactions. The Company offers payment and transaction processing solutions to financial institutions, retailers, service providers and individual consumers. These services include comprehensive ATM, POS and card outsourcing services, card issuing and merchant acquiring services, software solutions, cash-based and online-initiated consumer-to-consumer and business-to-business money transfer services, and electronic distribution of digital media and prepaid mobile phone time.
Euronet'sglobal payment network is extensive - including 43,956 ATMs, approximately 324,000 EFT POS terminals and a growing portfolio of outsourced debit and credit card services which are under management in 61 countries; card software solutions; a prepaid processing network of approximately 717,000 POS terminals at approximately 328,000 retailer locations in 55 countries; and a global money transfer network of approximately 447,000 locations serving 159 countries. With corporate headquarters inLeawood, Kansas, USA, and 66 worldwide offices,Euronetserves clients in approximately 175 countries. For more information, please visit the Company's website atwww.euronetworldwide.com.
Go here to see the original:
- Security agencies have launched final assault on terror, its ecosystem in J&K: LG - The Kashmir Monitor - The Kashmir Monitor - January 31st, 2023 [January 31st, 2023]
- Union Budget 2023-24: Govt to announce a slew of changes to boost economy - Firstpost - January 31st, 2023 [January 31st, 2023]
- FDA Gives First Go Ahead for Lab Grown Meat Product - November 20th, 2022 [November 20th, 2022]
- Sam Bankman-Fried Admits the "Ethics Stuff" Was "Mostly a Front" - November 20th, 2022 [November 20th, 2022]
- Celebrities Are Officially Being Sued by FTX Retail Investors - November 20th, 2022 [November 20th, 2022]
- Startup Says It's Building a Giant CO2 Battery in the United States - November 20th, 2022 [November 20th, 2022]
- Panicked Elon Musk Reportedly Begging Engineers Not to Leave - November 20th, 2022 [November 20th, 2022]
- "Elon" Plummets in Popularity as a Baby Name for Some Reason - November 20th, 2022 [November 20th, 2022]
- Former Facebook Exec Says Zuckerberg Has Surrounded Himself With Sycophants - November 20th, 2022 [November 20th, 2022]
- Celebrities' Bored Apes Are Hilariously Worthless Now - November 20th, 2022 [November 20th, 2022]
- NASA Orders Press Not to Photograph Launch Site After Moon Mission Takes Off - November 20th, 2022 [November 20th, 2022]
- Experts Baffled by Why NASA’s “Red Crew” Wear Blue Shirts - November 20th, 2022 [November 20th, 2022]
- Ticketmaster May Have Finally Met Its Match: Furious Swifties - November 20th, 2022 [November 20th, 2022]
- Elon Musk Locks Twitter Employees Out Office, Then Asks Them to Meet Him on the 10th Floor - November 20th, 2022 [November 20th, 2022]
- NASA Drops Stunning New James Webb Image of a Star Being Born - November 20th, 2022 [November 20th, 2022]
- NASA Tells Astronauts That Tweeting Isn't As Important as Staying Alive - November 20th, 2022 [November 20th, 2022]
- Twitter Claims Video of Moon Rocket Launch Is Revenge Porn - November 20th, 2022 [November 20th, 2022]
- Experts Excoriate NASA Report Claiming James Webb Wasn't Homophobic - November 20th, 2022 [November 20th, 2022]
- Behind the Lawsuit Against Celebs Who Shilled FTX Before Its Spectacular Meltdown - November 20th, 2022 [November 20th, 2022]
- So Many People Are Using a Diabetes Drug for Weight Loss That Actual Diabetics Are Having Trouble Getting It - November 20th, 2022 [November 20th, 2022]
- Amazing Map Lets You Scroll Through the Entire Known Universe - November 20th, 2022 [November 20th, 2022]
- Manslaughter Case Has a Strange Twist: Tesla That Killed Couple Was on Autopilot - November 4th, 2022 [November 4th, 2022]
- Greta Thunberg Says UN Climate Conference Is a Scam and She's Not Attending - November 4th, 2022 [November 4th, 2022]
- This Deepfake AI Singing Dolly Parton's "Jolene" Is Worryingly Good - November 4th, 2022 [November 4th, 2022]
- Twitter Working on Plan to Charge Users to Watch Videos - November 4th, 2022 [November 4th, 2022]
- NASA Sets Launch Date for Mission to $10 Quintillion Asteroid - November 4th, 2022 [November 4th, 2022]
- There's Something Strange About How These Stars Are Moving, Scientists Say - November 4th, 2022 [November 4th, 2022]
- Scientists Spot "Stripped, Pulsating Core" of Star Caused By Horrific Accident - November 4th, 2022 [November 4th, 2022]
- Scientists Use Actual Lunar Soil Sample to Create Rocket Fuel - November 4th, 2022 [November 4th, 2022]
- Scientists Found a Way to Control How High Mice Got on Cocaine - November 4th, 2022 [November 4th, 2022]
- Cats May Be Tampering With Crime Scenes, Scientists Say - November 4th, 2022 [November 4th, 2022]
- Elon Musk Meeting With Advertisers, Begging Them Not to Leave Twitter - November 4th, 2022 [November 4th, 2022]
- China Plans to Send Monkeys to Space Station to Have Sex With Each Other - November 4th, 2022 [November 4th, 2022]
- US Gov to Crack Down on "Bossware" That Spies On Employees' Computers - November 4th, 2022 [November 4th, 2022]
- Huge Drone Swarm to Form Giant Advertisement Over NYC Skyline - November 4th, 2022 [November 4th, 2022]
- Hackers Just Took Down One of the World's Most Advanced Telescopes - November 4th, 2022 [November 4th, 2022]
- Chinese Spaceplane Releases Mystery Object Into Orbit - November 4th, 2022 [November 4th, 2022]
- AOC Says Her Twitter Account Broke After She Made Fun of Elon Musk - November 4th, 2022 [November 4th, 2022]
- That "Research" About How Smartphones Are Causing Deformed Human Bodies Is SEO Spam, You Idiots - November 4th, 2022 [November 4th, 2022]
- Jeff Bezos' Housekeeper Says She Had to Climb Out the Window to Use the Bathroom - November 4th, 2022 [November 4th, 2022]
- Nutanix Accelerates Kubernetes Adoption in the Enterprise; Company Announces Expanded Kubernetes Ecosystem and Developer-Ready Infrastructure... - October 27th, 2022 [October 27th, 2022]
- Govt committed to dismantle terror eco-system in Kashmir, says Lt Guv - The Northlines - October 19th, 2022 [October 19th, 2022]
- Microplastic pollution: One of biggest threats to ecosystem - Daily Pioneer - October 19th, 2022 [October 19th, 2022]
- Green mountains and lucid water at your doorstep: Chengdu, a park city, unravels new blueprint for Chinese cities - PR Newswire - October 19th, 2022 [October 19th, 2022]
- Dronedek's New Partnership with A2Z Drone Delivery Further Expands Global Delivery Ecosystem of the Future - The OGM - October 19th, 2022 [October 19th, 2022]
- Samsung R&D Institute Bangalore Wins the National Intellectual Property Award 2021 and 2022, WIPO IP Enterprises Trophy for Being the Top Patent Filer... - October 19th, 2022 [October 19th, 2022]
- Ericsson presented its 5G and FRMCS solutions at InnoTrans - Ericsson - October 19th, 2022 [October 19th, 2022]
- Novartis to cut its Irish workforce by up to 25% - Yahoo Finance - October 19th, 2022 [October 19th, 2022]
- Meet the Company Innovating Portable Power Solutions in Africa - Punch Newspapers - October 19th, 2022 [October 19th, 2022]
- Sterile Medical Packaging Market Size is Expected to Reach Around USD 65 Billion by 2033; Rising Cases of Lifestyle Disorder Disease and... - October 19th, 2022 [October 19th, 2022]
- UK Govt ignoring needs of science sector argues report from Reading's Ridge and Partners - The Business Magazine - October 19th, 2022 [October 19th, 2022]
- Will surpass last year India looks at highest defence exports this fiscal, as DefExpo starts - ThePrint - October 19th, 2022 [October 19th, 2022]
- The support system for Indian chefs to excel on a world stage is lacking: chef Vivek Saggar - ETHospitality - October 19th, 2022 [October 19th, 2022]
- Naveen invites top industries to be part of Odishas growth - The New Indian Express - October 19th, 2022 [October 19th, 2022]
- Building Automation System Market Growth Driven by the Rising Demand for Energy-Efficient and Eco-Friendly Buildings | MDC Research - Yahoo Finance - August 30th, 2022 [August 30th, 2022]
- Dismantle 'eco-system' that abets and sustains militancy in JK: Amit Shah - Kashmir Reader - August 30th, 2022 [August 30th, 2022]
- Integrators and relationships: what CMOs are looking for from agencies - Bizcommunity.com - August 30th, 2022 [August 30th, 2022]
- Criminals Minds Showrunner Simon Mirren & Production Partner Benjamin Anderson Team With Applause & Locomotive Global To Create Indian... - August 30th, 2022 [August 30th, 2022]
- The Remarkable Customer Experience Recovery System and Digital Transformation | By Are Morch - Hospitality Net - August 30th, 2022 [August 30th, 2022]
- Natures Vault Launches Gold-Linked Utility Token NVLT in the Polygon Ecosystem - The Daily Hodl - August 30th, 2022 [August 30th, 2022]
- Strategically Planned Final Assault Required To Free J&K Of Terror: DGP - Kashmir Observer - August 30th, 2022 [August 30th, 2022]
- Bhopal: 3-day meeting of science and technology councils of different states to begin from Monday - Free Press Journal - August 30th, 2022 [August 30th, 2022]
- Strategically planned final assault is required to march towards terror free J&K: DGP - United News of India - August 30th, 2022 [August 30th, 2022]
- Ecosystem - Wikipedia - June 29th, 2022 [June 29th, 2022]
- Team at Atlantic Data Forensics Joins Surefire Cyber, Adding Forensic Expertise and 15-Year Track Record to Newly Launched Incident Response Firm - PR... - June 29th, 2022 [June 29th, 2022]
- Explained: Why telecom companies are eying the 5G band of 3.5K-3.6K MHz - Business Standard - June 29th, 2022 [June 29th, 2022]
- Cantourage UK brings Together Pharma's Uganda-grown medical cannabis to the United Kingdom - PR Newswire - June 29th, 2022 [June 29th, 2022]
- Heading back to nature this summer? Tread lightly, say outdoor experts - CBC.ca - June 29th, 2022 [June 29th, 2022]
- Layer Three Ventures Announces $30M Web3 Crypto Fund and Accelerator - FinTech Futures - June 29th, 2022 [June 29th, 2022]
- Jute Bags Market is expected to grow by USD 3.83 Billion during 2027, progressing at a CAGR of 8.90% During the Forecast Period - Digital Journal - June 29th, 2022 [June 29th, 2022]
- Introducing the Truckstop.com Partner Marketplace: A Comprehensive Transportation and Logistics Ecosystem - Benzinga - June 29th, 2022 [June 29th, 2022]
- Limitless X Anticipates Strong Sales and Earnings in the Current Fiscal Year - GuruFocus.com - June 29th, 2022 [June 29th, 2022]
- SEC will be strengthened to reposition Nigeria's capital market, says Finance Minister | The ICIR - ICIR - June 29th, 2022 [June 29th, 2022]
- Broadband Stakeholder Group Replaced by UK Digital Connectivity Forum - ISPreview.co.uk - June 29th, 2022 [June 29th, 2022]
- ICAB and BIDA signs MoU on DVS - The Business Standard - June 29th, 2022 [June 29th, 2022]
- Atari: Results of the first half of 2020-2021 Paris Stock Exchange:ATA - GlobeNewswire - February 17th, 2021 [February 17th, 2021]
- CME: The Benefits of More Automated FX Trade - finews.asia - February 17th, 2021 [February 17th, 2021]
- RIOT GAMES, FREAKS 4U GAMING and SPORTFIVE partner up to produce and commercialize the 2021 VALORANT CHAMPIONS TOUR - European Gaming Industry News - February 17th, 2021 [February 17th, 2021]
- A 'pop-up' airport for electric aircraft could transform the way we think about urban travel - CNBC - February 17th, 2021 [February 17th, 2021]
- Neom's futuristic 'Line' in the sand is good news for Saudi Arabia's tech start-ups - Arab News - February 17th, 2021 [February 17th, 2021]