OP Digital Services Pvt Ltd. (OPay), a SoftBank-backed fintech, has partnered with Euronet Pakistan to strengthen the local payments ecosystem, speed the transition from a cash-based to a digital payments retail sector, and create a financially inclusive Pakistan.
OPay intends to deploy over 100,000 smart POS machines in Pakistan, enabling local businesses to accept all types of payments and provide value-added services to both card and cash clients.
Euronet will drive and process transactions through OPay POS terminals and operate as a transaction processing centre and a gateway for all international payment schemes, as a global leader in electronic payment processing.
Furthermore, OPay will employ Euronet payment rails to provide merchants and customers with value-added services such as Bill Payments, Mobile Top-Ups, and Cash/Card Based Transfers via its smart POS systems.
The complete solution will be hosted on Euronet’s PCI compliant application and infrastructure in its Pakistani data centre facilities, with guaranteed service levels and processing uptimes to assist OPAY to grow, optimise, and accelerate service rollout.
Qaiser Sheikh, Director Partnerships, OPay, Kashif Gaya, CEO Euronet Pakistan, Sobia Islam, Head of Human Resources, OPay, Raza Hassan, Manager Legal, Opay, Drawer Khan, Head of Implementations & Customer Services, Euronet Pakistan, and Abdullah Maqsood Khawaja, Manager Corporate Partnerships & Alliances, Euronet Pakistan were all present at the signing ceremony in Lahore.
“Euronet is the leading technology supplier of POS acquiring in Pakistan with an extensive, scalable, and intelligent POS driving platform,” said Qaiser Sheikh, Director Partnerships, OPay, at the event. We regard Pakistan as the most important market with a lot of potentials to digitise the economy, and we’re excited to use their experience and market presence to help us drive our financial inclusion agenda.”
“We are thrilled to be picked as a technology partner by Opay to play a significant role in its enormous financial inclusion campaign,” stated Kashif Gaya, CEO of Euronet Pakistan. This collaboration is the first step toward increasing technological inclusion by facilitating POS aggregation and retail payment digitization. We are excited to be a part of this long-term strategic cooperation with OPay and to help them build a comprehensive digital payments ecosystem.”