Euronet Pakistan, a division of Euronet Worldwide, a US based NASDAQ listed company and a global leader in payment processing and transaction services, and Smart1 Tech Pvt Ltd, a subsidiary of Mercury Group of Companies, and a leading fintech and a developer, manufacturer and system integrator of innovative solutions in cutting-edge financial and digital technologies have entered into a strategic partnership aimed at accelerating the growth of point-of-sale (POS) acquiring across the country.
This collaboration will support the rapid expansion of digital payments infrastructure, enabling greater access for merchants and contributing to Pakistan’s financial inclusion goals.
This milestone agreement represents a significant development in Smart1’s ongoing efforts to further expand and modernize its POS acquiring footprint in Pakistan.
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The formal signing ceremony took place in Karachi and was attended by senior executives from both organizations, reflecting the global relevance and collaborative strength of this alliance.
Through this partnership, Smart 1 Tech Pvt ltd will leverage Euronet’s globally proven, robust and volume tested POS driving platform, with complete support and readiness of future acceptance use cases to accelerate merchant onboarding and strengthen card and digital acceptance across key commercial and retail sectors.
Kashif Gaya, CEO of Euronet Pakistan, stated: “We are proud to partner with Smart 1 Tech Pvt Ltd to address the growing demand for reliable and scalable cards and digital acceptance across Pakistan. This strategic collaboration underscores our mutual commitment to advancing the country’s digital payment infrastructure and providing merchants with high-quality, secure, and efficient payment services. Together, we aim to empower merchants nationwide with the tools they need to thrive in an increasingly digital economy. ”
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Fahad Bin Ahmed CEO of Smart 1 Tech Pvt Ltd, stated: “Our partnership with Euronet marks a strategic step forward in reshaping Pakistan’s payment landscape. With their market leadership, unmatched service quality, and deep POS footprint, Euronet is the perfect partner to help us deliver innovative, reliable, and customer-first payment solutions. This alliance reflects a joint commitment to financial inclusion and to building a truly digital economy for Pakistan.”
