DXC Technology partners with Euronet to expand payment capabilities

DXC Technology (NYSE: DXC) announced a strategic partnership with Euronet Worldwide, Inc. (NASDAQ: EEFT) to expand issuing, revolving credit and payments capabilities for financial institutions worldwide.

The partnership will integrate DXC's Hogan core banking platform, which powers more than 300 million deposit accounts and over $5 trillion in deposits globally, with Euronet's Ren platform. The combined solution aims to help banks, fintechs and other financial services organizations accelerate the launch of card issuing, credit and payment programs while simplifying operations and reducing time to market.

Initially, DXC will work with Euronet to enable mutual clients to adopt pre-integrated issuing and payments solutions that support credit, debit and revolving credit programs, along with gateways for payment acceptance. The partnership will later extend to serve a broader set of financial institutions with access to Euronet's wider portfolio of services.

"Issuing and payments have become core growth engines for financial institutions, but too often they remain fragmented and slow to deploy," said Sandeep Bhanote, Global Head and General Manager of Financial Services at DXC. "By partnering with Euronet, we are combining proven issuing and payments capabilities with DXC's financial services expertise to help clients launch new programs faster, scale with confidence and expand into new markets."

Oscar Munoz, VP of Sales, Americas, at Euronet, stated that the collaboration helps "banks and payment providers modernize issuing and payment environments with greater speed, flexibility and confidence."

The information is based on a company press release statement.

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