Payments firm Euronet Worldwide will offer cloud-based dynamic currency conversion (DCC) services to British banking group Standard Chartered.

DCC is a process, which allows customers in a foreign country to make Visa or MasterCard transactions in their preferred currency at the point of sale or ATM.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

It includes exchange rate calculations and service charges. This is said to support price transparency and minimise cost uncertainty for those travelling abroad.

Standard Chartered can avail the services with the help of Euronet’s Digital Integrated Payments Cloud (DIPC).

The services will be available at nearly 1,000 ATMs across 14 Asia Pacific and Middle East nations.

Commenting on the move, Euronet regional managing director for Asia Pacific Himanshu Pujara said: “This project demonstrates two of Euronet’s greatest assets with our ability to maintain ATM networks across large geographies and leverage our cloud-based technology to deliver value to our customers.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

“The DCC offering will add significant value to Standard Chartered and help attract more foreign cardholders who prefer to use the DCC service when making transactions.”

For the DCC services, the network of Standard Chartered will be linked to the DIPC on a “transaction-by-transaction basis”.

Notably, last month, Euronet joined forces with Visa to strengthen payment services and facilitate fintech growth in the Asia Pacific region.

Euronet caters to clients in around 170 countries and has 65 offices across the globe.