DXC taps Euronet to modernise bank issuing and payments

By Vriti Gothi

DXC Technology has partnered with Euronet Worldwide to expand issuing, revolving credit and payments capabilities for financial institutions globally, as banks intensify efforts to modernise core payment infrastructures.

The collaboration will integrate DXC’s Hogan core banking platform with Euronet’s Ren issuing, processing and payments platform. Hogan supports more than 300 million deposit accounts and over $5 trillion in deposits worldwide, positioning the integration to reach a significant segment of the global banking market.

Under the partnership, DXC will offer pre-integrated issuing and payments solutions to mutual clients, enabling support for credit, debit and revolving credit programs, alongside payment acceptance gateways. The companies said the combined offering is designed to simplify operational processes such as reconciliation and settlement while reducing time to market for new products and customer onboarding.

The move comes as issuing and payments become central to banks’ growth strategies. Increased competition from digital-first institutions and consumer platforms expanding into card-based and embedded finance offerings has heightened expectations around speed, flexibility and global reach. In response, many traditional financial institutions are seeking to modernise legacy infrastructures to compete more effectively and scale new programs across channels and geographies.

“Issuing and payments have become core growth engines for financial institutions, but too often they remain fragmented and slow to deploy,” said Sandeep Bhanote, Global Head and General Manager of Financial Services at DXC Technology. “By partnering with Euronet, we are combining proven issuing and payments capabilities with DXC’s financial services expertise to help clients launch new programs faster, scale with confidence and expand into new markets.”

Euronet contributes global issuing, processing and cross-border capabilities through its Ren platform, which is designed to support modern payment and transaction services. The partnership is expected to extend DXC’s ability to serve a broader range of banks and financial services providers with scalable issuing and payments solutions, while providing access to Euronet’s wider service portfolio over time.

“DXC has a long history of supporting the world’s leading financial institutions,” said Oscar Munoz, VP of Sales, Americas, Euronet. “Working together, we’re helping banks and payment providers modernize issuing and payment environments with greater speed, flexibility and confidence.”

For DXC, the alliance reinforces its strategy of embedding payments modernization into its broader financial services technology offerings. For banks, the integration signals a continued shift toward pre-integrated, platform-based models aimed at accelerating product launches and improving operational efficiency in an increasingly competitive payments landscape.