SECURITIES AND EXCHANGE COMMISSION

                     Washington, D.C. 20549

                          SCHEDULE 13D

            Under the Securities Exchange Act of 1934



                      EURONET SERVICES INC.
                        (Name of Issuer)


             COMMON STOCK, PAR VALUE $0.02 PER SHARE
                 (Title of Class of Securities)

                                
                            298736109
                         (CUSIP Number)


MICHAEL J. BROWN         Copies to:     David D. Gatchell
12617 Juniper Circle                    David M. Staker
Leawood, Kansas 66209                   Sonnenschein Nath &
913-491-3862                             Rosenthal
913-491-9622 (fax)                      4520 Main Street
                                        Kansas City, Missouri
                                         64111
                                        816-932-4400
                                        816-531-7545   (fax)
    (Name, Address and Telephone Number of Person Authorized
             to Receive Notices and Communications)


                          MARCH 6, 1997
     (Date of Event Which Requires Filing of This Statement)










<PAGE>

CUSIP NO.:          Schedule 13D        March 17, 1997
                                                                 
1)   NAME OF REPORTING PERSON:  Michael J. Brown.
                                                                 

2)   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP:  Not
     Applicable.
                                                                 
     
3)   SEC USE ONLY:
                                                                 

4)   SOURCE OF FUNDS:  OO.
                                                                 

5)   CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
     TO ITEMS 2(D) OR 2(E):  Not Applicable.
                                                            

6)   PLACE OF ORGANIZATION:  Not Applicable.
                                                                 
NUMBER OF SHARES BENEFICIALLY OWNED BY REPORTING PERSON WITH:

     7)   SOLE VOTING POWER:  3,132,277.

                                                  
     8)   SHARED VOTING POWER:  None.

                                                  
     9)   SOLE DISPOSITIVE POWER:  3,132,277.

                                                  
     10)  SHARED DISPOSITIVE POWER:  None.

                                                                 
11)  AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: 
     3,132,277 shares.
                                                                 

12)  CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
     SHARES:  Not Applicable

                                                                 
13)  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11):  21.69%.

                                                                 
14)  TYPE OF REPORTING PERSON:  IN.


<PAGE>

CUSIP NO.:          Schedule 13D        March 17, 1997
                                                                 

ITEM 1.   SECURITY AND ISSUER.

               The class of equity securities to which this
          Schedule relates is the common stock, par value $0.02 per
          share ("Common Stock"), of Euronet Services Inc., a
          Delaware corporation (the "Issuer").

               The address of the principal executive office of the
          Issuer is ZSIGMOND ter 10, H-1023 Budapest Hungary.  The
          United States mailing address of the Issuer is 12617
          Juniper Circle, Leawood, Kansas 66209.

ITEM 2.   IDENTITY AND BACKGROUND.

          (a)  This Schedule is being filed by Michael J. Brown
               (the "Reporting Person").

          (b)  12617 Juniper Circle
               Leawood, Kansas 66209

          (c)  The Reporting Person is the Chief Executive Officer
               of the Issuer, Euronet Services, Inc., and a member
               of its Board of Directors.

          (d)  The Reporting Person has not, during the last five
               years, been convicted in a criminal proceeding
               (excluding traffic violations or similar
               misdemeanors).

          (e)  The Reporting Person has not, during the last five
               years, been a party to a civil proceeding of a
               judicial or administrative body of competent
               jurisdiction and as a result of such proceeding was
               or is subject to a judgment, decree or final order
               enjoining future violations of, or prohibiting or
               mandating activities subject to, federal or state
               securities laws or finding any violation with
               respect to such laws.

          (f)  The Reporting Person is a citizen of the United
               States of America.


ITEM 3.   SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.

               The Reporting Person acquired its ownership in the
          Issuer in exchange for its holdings of Euronet Holding N.
          V. ("Holding") in connection with the reorganization of
          Holding into a Delaware corporation.



ITEM 4.   PURPOSE OF TRANSACTION.

               The Reporting Person holds the Common Stock for
          investment purposes, but reserves the right to exercise
          any and all rights and privileges as a stockholder of the
          Issuer in a manner consistent with his own best
          interests, to purchase or sell the Common Stock or other
          securities of the Issuer, and to communicate with
          management of the Issuer, other stockholders of the
          Issuer or others and/or to participate, alone or with
          others, in various plans, proposals or transactions
          respecting the Issuer or his Common Stock.

               Except as set forth in this Schedule, the Reporting
          Person has no present plans or intentions that relate to
          or would result in any of the events described in
          paragraphs (a) through (j) of Item 4 of the instructions
          to Schedule 13D.  However, as previously noted, the
          Reporting Person reserves the right to change his
          intentions with respect to such matters.


ITEM 5.   INTEREST IN SECURITIES OF THE ISSUER.

     REPORTING PERSON

     (a)  The responses to Items 11 and 13 of the inside cover page
          of this Schedule 13D are hereby incorporated by reference
          in response to paragraph (a) of this Item 5.  The
          percentage of the outstanding Common Stock was calculated
          based upon the shares shown outstanding on the Issuer's
          Form S-1 Registration Statement, dated March 6, 1997
          (Commission File No. 333-18121).

     (b)  The responses to Items 7, 8, 9 and 10 of the inside cover
          page of this Schedule 13D are hereby incorporated by
          reference in response to paragraph (b) of this Item 5.

     (c)  The Reporting Person has had the following transactions
          in the Common Stock during the 60 days prior to the date
          of this Schedule:

          1.   On March 6, 1997, the Reporting Person exchanged
               all of his holdings in Euronet Holding N.V. for
               3,132,277 shares of the Common Stock.

          The Reporting Person has not had any other transactions
          in the Common Stock during the last 60 days.

     (d)  No person, other than the Reporting Person, has the right
          to receive, or the power to direct the receipt of,
          dividends from, or the proceeds of the sale of, the
          Common Stock held by the Reporting Person.

     (e)  Not applicable.

ITEM 6.   CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS
          WITH RESPECT TO SECURITIES OF THE ISSUER.

               The Reporting Person currently has no contracts,
          arrangements, understandings or relationships (legal or
          otherwise) with any person with respect to any securities
          of the Issuer.

ITEM 7.   MATERIAL TO BE FILED AS EXHIBITS.

               None.

SIGNATURE

     After reasonable inquiry and to the best of my knowledge and
belief, I certify that the information set forth in this statement
is true, complete and correct.

DATE:  March 17, 1997

SIGNATURE:     /s/ Michael J. Brown