Euronet Worldwide Appoints Pranay Jhaveri as the Chief Business Officer for India and South Asia

Mumbai, Maharashtra, India
Euronet Worldwide, a leading electronic payments provider, today announced the appointment of Pranay Jhaveri as the Chief Business Officer for India and South Asia. In his new role, he will be responsible for running the existing business of Euronet in this region, and driving incremental growth by entering new markets and rolling out new payment products and solutions.

Speaking on the appointment, Himanshu Pujara, Regional Managing Director, Euronet, India and South Asia; said, “We extend a warm welcome to Pranay into the Euronet family. We have a solid foundation and good momentum in the business. By consolidating the leadership of all our businesses, i.e. the ATMs and EFT outsourcing, electronic payments, digital content distribution and value added services, we will create a structure that leverages our client relationships across these verticals and help launch new products and innovative payments solutions to our set of customers in this region. Pranay is a proven business leader with extensive experience in the IT and financial services industry, who has successfully run large and complex businesses and driven incremental growth. I look forward to working with him and the rest of my leadership team in these exciting times of e-commerce and m-commerce, where payments is emerging as a key differentiator for most eco-system players like banks, merchants or other financial institutions.”

An IT veteran with more than 24 years work experience, Pranay has a very rich experience in national and FSI sales, business development and channels. Prior to joining Euronet, Pranay was with Cisco for 8 years where he was a director managing global business with large 360 relationships in his last role. While at Cisco as a leader for the financial services vertical, he was responsible for driving growth, capturing market transitions, building strong customer franchise, and driving localized innovation in the region. Pranay is passionate about the relevance of technology to business especially the financial services industry. Before Cisco he has held various leadership positions with Nortel and f5 Networks. Pranay is an alumnus of Jamnalal Bajaj Institute of Management Studies, Mumbai and Walchand Institute of technology, Solapur.

On his appointment, Pranay Jhaveri said, “I am extremely energized and excited to join Euronet which is a leader in electronic financial transactions and payments processing. Payments industry is at an inflection point with the government impetus towards a cashless economy, issuance of new banking licenses and continued growth in ecommerce. Proliferation of ecommerce presents a great opportunity not only for secure and innovative single click payment solutions but also content distribution and activation through online merchants and banks. I look forward to cementing Euronet’s leadership position further as a premium player in various segments of our business.”

About Euronet Worldwide, Inc.

Euronet Worldwide is an industry leader in processing secure electronic financial transactions. The Company offers payment and transaction processing solutions to financial institutions, retailers, service providers and individual consumers. These services include comprehensive ATM, POS and card outsourcing services, card issuing and merchant acquiring services, software solutions, cash-based and online-initiated consumer-to-consumer and business-to-business money transfer services, and electronic distribution of prepaid mobile phone time and other prepaid products.

Euronet’s global payment network is extensive – including 21,128 ATMs, approximately 96,000 EFT POS terminals and a growing portfolio of outsourced debit and credit card services which are under management in 49 countries; card software solutions; a prepaid processing network of approximately 665,000 POS terminals at approximately 312,000 retailer locations in 34 countries; and a global money transfer network of approximately 287,000 locations serving 147 countries. With corporate headquarters in Leawood, Kansas, USA, and 56 worldwide offices, Euronet serves clients in approximately 165 countries. For more information, please visit the Company’s website at www.euronetworldwide.com.