In a strategic alliance, Thales and Euronet Pakistan will combine Thales’ D1 revolutionary cloud-based issuing technology with Digital First, Physical Later, and Digital Only card programs with Euronet’s market-leading payments services.
With the most complete front-to-back functional coverage and an API-driven architecture, the partnership aims to give customers of Digital Banks and Fintechs a modern experience. This includes a built-in mobile experience, physical and digital card issuance, card hosting & management, scheme gateway service, authentication, and tokenization.
Digital banks, financial institutions, and fintech can take advantage of smooth and secure tokenization solutions provided by Euronet and Thales. To enable mobile payments, the information on the physical card is transformed into a digital token that can be readily integrated into gadgets like smartphones and wearables.
Additionally, the encryption of the token offers the greatest levels of fraud prevention by preventing hackers from accessing users’ sensitive data. Financial institutions may instantly establish a digital card on a customer’s phone and offer him complete control over it thanks to this new, secure, entirely digital approach.
All cards and token services are available to save time and money and offer the quickest path to a modern card experience thanks to robust and simple-to-use APIs. With Visa and MasterCard, D1 has already received pre-qualification and certification. It has also integrated all security requirements.