Euronet Appoints Gareth Gumbley as Managing Director of the Prepaid Segment

May 20, 2008 at 12:00 AM EDT
LEAWOOD, Kan. -- Euronet Worldwide, Inc. (NASDAQ: EEFT), a leading electronic payments provider, today announced the appointment of Gareth Gumbley as managing director of the Company's Prepaid Processing segment. In his new role, Gumbley will be responsible for strategic planning, operations and management of Euronet's prepaid subsidiaries on a global basis. Gumbley will report to Kevin Caponecchi, president of Euronet Worldwide and will be based in London.

Gumbley has a proven track record of achieving strong growth through effective leadership and has extensive international experience in the payments processing business. Gumbley has been the managing director of Euronet's prepaid businesses in Australia and New Zealand since November 2004. Under his leadership, the Company's Australia and New Zealand prepaid entities have grown considerably year on year to market leading positions. In addition, Gumbley has been developing valuable new business opportunities for the Company in Asia-Pacific, and was most recently instrumental in expanding Euronet's prepaid business into India.

"We are fortunate to have a manager of Gareth's caliber to lead the development and implementation of our Prepaid segment's business strategy through its next phase of growth. We will benefit from his experience, proven record of success and strong leadership skills," said Caponecchi.

Prior to joining Euronet, Gumbley was the CEO of Dialect Solutions Group, an online payments business that was part of the News Corporation Group.

About Euronet Worldwide

Euronet Worldwide is an industry leader in processing secure electronic financial transactions. The Company offers payment and transaction processing solutions to financial institutions, mobile operators and retailers which include comprehensive ATM, POS and Card outsourcing services; card issuing and merchant acquiring services; software solutions; consumer money transfer and bill payment services; and electronic distribution for prepaid mobile airtime and other prepaid products. Euronet operates and processes transactions from 42 countries.

Euronet's global payment network is extensive -- including 11,917 ATMs and approximately 51,000 EFT POS terminals which are under management in 20 countries; a growing portfolio of outsourced debit and credit card services and card software solutions; a prepaid processing network of 394,000 point-of-sale terminals across approximately 193,000 retailer locations in 14 countries; and a consumer-to-consumer money transfer network of more than 68,000 locations serving approximately 100 countries. With corporate headquarters in Leawood, Kansas, USA, and 32 worldwide offices, Euronet serves clients in 130 countries. For more information, please visit the Company's Web site at