#United States #DXC Technology #Financial Services #Ashburn #Euronet Worldwide

Strategic Partnership: DXC Technology and Euronet Worldwide

In an era where digital transformation is paramount, DXC Technology (NYSE: DXC) is taking significant steps in enhancing its global capabilities. The company recently announced a strategic partnership with Euronet Worldwide, Inc. (NASDAQ: EEFT), a leading firm in the payment technology sector. This collaboration aims to improve issuance, revolving credit, and payment functionalities for financial institutions across the globe.

Integration for Enhanced Services

The partnership will primarily focus on integrating DXC's core banking platform, Hogan, with Euronet's Ren platform. Hogan already manages over 300 million deposit accounts and a staggering $5 trillion in deposits globally, making it an essential tool for banks and financial services worldwide. By merging these platforms, the partnership will empower banks, fintechs, and a variety of financial service providers to expedite the rollout of card issuance, credit, and payment programs. Furthermore, it simplifies reconciliation processes, and accounts management while reducing time-to-market for new products and customer onboarding.

Euronet's expertise in the payment arena will also support clients with pre-integrated issuance and payment solutions, which cover credit, debit, and revolving credit programs, as well as gateways for payment acceptance. As the collaboration evolves, DXC is set to leverage Euronet's extensive service portfolio, broadening its reach to serve a larger number of financial institutions with scalable and modern capabilities.

Addressing Market Challenges

The financial services sector is currently facing intense competition. Issuance and payments have become vital strategic components for banks seeking growth and deeper customer relationships. Digital-first players and consumer platforms are pushing the envelope on card-based and integrated payment experiences, raising expectations around speed, flexibility, and reach. In response, banks are investing in modern issuance and payment functionalities to stay competitive, launch new products swiftly, and expand their offerings across various markets and channels.

Sandeep Bhanote, DXC's global leader for financial services, articulated the importance of this partnership by stating, "Issuance and payments have become major drivers of growth for financial institutions, but they often remain fragmented and slow in implementation. With our partnership with Euronet, we combine our proven expertise in issuance and payments with DXC's financial services knowledge to assist clients in launching new programs quickly and securely while enabling them to scale efficiently into new markets."

Comprehensive Service Offerings

The collaboration also empowers Euronet to contribute a comprehensive suite of issuance, payment, and transaction services, including global issuance, processing, and cross-border transactions. By marrying these services with DXC's financial services capabilities, the partnership reinforces DXC's ability to assist clients modernize their payment infrastructures while unlocking new growth opportunities.

Oscar Munoz, Euronet's Vice President of Sales in the Americas, highlighted the synergy of the partnership by noting, "DXC has been supporting leading financial institutions globally for many years. Through our collaboration, we aim to help banks and payment providers modernize their issuance and payment environments faster, more flexibly, and securely."

About DXC Technology

DXC Technology (NYSE: DXC) has established itself as a preeminent technology and innovation partner for enterprises, providing software, services, and solutions to both commercial and public sector organizations worldwide. The company's focus is to help clients leverage AI and technology to generate rapid results during times of exponential change. With extensive experience in managed infrastructure services, application modernization, and industry-specific software solutions, DXC is trusted to stabilize and operate complex technology environments internationally. For more details, visit dxc.com.

About Euronet Worldwide, Inc.

As a global leader in payment processing and cross-border transactions, Euronet facilitates money transfers that connect consumers and businesses daily. Their portfolio includes money transfers, card processing, ATM and point-of-sale services, branded payments, and foreign exchange transactions. Euronet's suite of products and services is available in over 200 countries, helping consumers and businesses access the advantages of the global economy seamlessly and securely.

This partnership between DXC and Euronet represents a commitment to innovate and modernize the financial transaction landscape, paving the way for enhanced payment mechanisms and improved customer experiences across financial institutions worldwide.