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Strategic Alliance Between DXC Technology and Euronet Worldwide

In a significant move aimed at transforming the landscape of financial services, DXC Technology (NYSE: DXC) has announced a strategic partnership with Euronet Worldwide, Inc. (NASDAQ: EEFT), a leader in payment technology solutions. This collaboration is set to elevate the capabilities of issuing credit and payment services, catering to financial institutions across the globe.

Comprehensive Integration of Technologies

The partnership will integrate DXC's Hogan platform, a core banking solution that oversees more than 300 million deposit accounts and manages an astonishing $5 trillion in deposits worldwide, with Euronet's modern Ren platform. This union of technologies is designed to help banks, fintechs, and various financial service organizations accelerate their launches of card issuance programs as well as credit and payment services.

By aligning their strengths, the partnership aims to simplify operations—streamlining reconciliation and settlement processes—thus reducing the time-to-market for new product launches and client onboarding. Initially, the focus will be on providing mutual clients with pre-integrated issuing and payment solutions that support credit, debit, and revolving credit programs, in addition to payment acceptance gateways.

Meeting Growing Market Demands

As competition within the financial services sector intensifies, issuing and payment solutions have emerged as pivotal areas for growth. Banks are increasingly required to enhance their service offerings and strengthen relationships with customers. Digital enterprises and consumer platforms are aiming for integrated payment experiences, which have raised customer expectations regarding speed, flexibility, and accessibility.

In response to these market dynamics, financial institutions are investing heavily in modern issuing and payment capabilities that allow them to compete on a larger scale while launching new products efficiently across different markets and channels.

Sandeep Bhanote, Global Director and General Manager of Financial Services at DXC, stressed the importance of this partnership, stating, "Issuing and payments have become fundamental growth engines for financial institutions, yet they often remain fragmented with slow deployments. By partnering with Euronet, we combine our proven issuing and payment capabilities with DXC’s financial services expertise to assist clients in launching new programs more swiftly, scale with confidence, and expand into new markets."

Euronet's Global Reach

Euronet brings to the union an impressive array of services encompassing issuance, payment processing, and cross-border transaction capabilities. This comprehensive suite enhances DXC’s ability to assist customers in modernizing their payment infrastructures, creating ample growth opportunities. Oscar Muñoz, Vice President of Sales for the Americas at Euronet, explained, "DXC has a long-standing history of supporting leading financial institutions worldwide. Together, we are helping banks and payment providers modernize their issuing and payment environments faster, more flexibly, and with greater confidence."

Conclusion

The strategic partnership between DXC Technology and Euronet Worldwide signifies a forward momentum in the financial services industry, empowering institutions to meet the rising demands of a rapidly evolving marketplace. With a commitment to future-ready, scalable payment capabilities, this collaboration stands to revolutionize how financial institutions develop and offer their services in the competitive financial landscape.

To learn more about the innovative solutions that this partnership is creating, visit DXC Technology and Euronet Worldwide.