Euronet announced a multi-year agreement with Banco Guayaquil

Euronet (EEFT) announced a multi-year agreement with Banco Guayaquil, that begins with revolutionizing the transaction-switching solutions for VISA (V), MasterCard (MA) and American Express (AXP) within the bank’s broad network. Central to this agreement is the deployment of Euronet’s Ren payments platform and its advanced Software as a Service model that will enhance compliance, operational uptime and technology adaptability at the bank, impacting millions of cards and overseeing millions of transactions monthly. As part of the initial switching and future projects, Ren will provide the following benefits to the bank during the partnership: Phased Migration and Zero-Downtime Transition. Compliance and Uptime Improvements. Adoption of Open Banking and New Technologies.