Euronet Worldwide, Inc., Uses Its REN™ Ecosystem to Drive Digital Growth Strategy and Modernization of Payments Systems for Cosmos Bank in India
Retrieved on:
Thursday, December 17, 2020
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.
Key Points:
- 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.
- Management of the banks participant application for IMPS and UPI, Indias instant and real time payments networks for banks and consumers.