Emerging Markets Payments (EMP) has signed an exclusive technology and centre of excellence partnership with Afghanistan Payments Systems (APS), the local domestic payment card switch in Afghanistan.
The partnership will enable EMP to work with all Afghan banks in partnership with APS, providing fast, reliable and secure electronic payment card processing for ATMs, POS and remote card not present (CNP) transactions such as bill payments and recurring payments.
Paul Edwards, executive chairman of EMP, said: "Afghanistan is a country of immense potential. With sound infrastructure and growing demand for payment solutions, the Afghan market represents a remarkable opportunity.
"As we develop close ties with our local partners, EMP will showcase its skills as an industry leader to help move the country towards a more financially diverse and customer-centric payments environment."
Zaheer Bawar, managing director of APS, said: "We believe our partnership with EMP will enable us to go to market faster and will also provide our client banks in Afghanistan with access to high-quality services and state-of-the-art solutions."