Euronet Worldwide Partners with Standard Chartered to Offer New Cloud-Based Dynamic Currency Conversion Services at ATMs in 14 Countries
January 06, 2020 at 11:30 pm IST
Euronet Worldwide announced it will provide Standard Chartered with dynamic currency conversion (DCC) services at approximately 1,000 ATMs in 14 countries across Asia Pacific and the Middle East using Euronet’s Digital Integrated Payments Cloud (DIPC). Euronet was selected to provide DCC services on the ATMs using an intrabank, intercountry network Euronet constructed for Standard Chartered. The bank’s network connects to the DIPC to provide the DCC service on the ATMs on a transaction-by-transaction basis. DCC provides international customers the option to pay in their own currency when using a VISA or Mastercard at an ATM or point of sale (POS) terminal rather than the local currency. The service removes uncertainty of costs for customers when withdrawing local currency from a foreign ATM by providing a transparent price that includes exchange rate calculations and service charges.