VISHAL PASARI
THE FINTECH INTERVIEW
Euronet Worldwide is making a strategic push into credit card issuing and flexible payment products, combining its established payments infrastructure with a newly acquired modern processing platform to challenge both legacy systems and fintech competitors.
The Kansas City-headquartered fintech, which is listed on Nasdaq, operates in real-time digital and cash payments across more than 200 countries. With over 30 years in the payments space, the company’ s card issuing product, called Ren, provides financial institutions and fintechs with comprehensive solutions spanning card programme definition, authorisation, fraud protection, disputes and loyalty rewards.
Vishal Pasari, Vice President of Products and Partnerships at Euronet Worldwide, explains that whilst the company has built a global client base from Ecuador to New Zealand with its debit and prepaid card issuing services, credit cards present the most significant growth opportunity.
The economics are compelling. Debit cards carry limited profitability for banks, particularly large US institutions subject to the Durban Amendment, which caps interchange fees.
“ Debit cards are not very profitable for banks. They’ re considered a cost of doing business,” Vishal notes.
Prepaid cards have faced increased scrutiny following regulatory issues and the collapse of companies like Synapse, a banking-as-a-service platform that failed in 2024.
VISHAL PASARI
TITLE: VICE PRESIDENT OF PRODUCTS AND PARTNERSHIPS
COMPANY: EURONET WORLDWIDE INDUSTRY: FINTECH LOCATION: US
Vishal Pasari leads product strategy and partnership development at Euronet Worldwide, focusing on the company’ s Ren card issuing platform and credit card processing capabilities following the CoreCard acquisition.
Oscar Munoz, Vice President of Sales for the Americas at Euronet Worldwide, explains that credit delivers returns that dwarf alternatives.
“ Revolving credit has higher yields in general, and it also gives you that higher and more recurrent engagement with your customers,” he says.
The engagement extends beyond transaction frequency to relationship depth.“ They’ re the kind of products that really give you that deep connection to the company and that deep product market penetration,” Oscar continues.
Banks and fintechs increasingly seek to own more of the customer relationship while capturing greater economics from credit offerings.
Vishal cites McKinsey research showing that over five years, more than 40 % of net new revenue for banks would come from consumer credit cards.“ Credit on the other hand presents a large growing opportunity,” he explains.
26 December 2025