Adds Independent ATM Networks in Three Countries
Value Added Service Agreements Now Cover More than 165,000 ATMs on Six Continents
LEAWOOD, Kan., June 15, 2015 (GLOBE NEWSWIRE) -- Euronet Worldwide, Inc. (Nasdaq:EEFT), today announced the addition of three new countries to its portfolio of Independent ATM Deployment (IAD) networks. The new ATMs in Malaysia, Cyprus and Portugal expand Euronet's position as the world's fastest growing and most geographically diverse independent ATM deployer.
While expanding geographically, Euronet is simultaneously expanding its value added services through several new agreements, which when fully implemented, will add these services to more than 165,000 bank owned ATMs in 21 countries across six continents. This value added service expansion complements Euronet's existing ATM portfolio where it provides cash withdrawal, balance inquiry, managed services and a comprehensive suite of value added services on nearly 21,000 ATMs across 25 countries in Europe and Asia.
"For more than 20 years, Euronet has led the industry in deploying and operating ATMs in both emerging and developed markets, while also investing in innovative technology that improves the
profitability of the ATM networks we own and those we operate," said Michael J. Brown, Euronet's Chairman, CEO and President. "The entry into these three new markets and agreements to launch value added services across a significant number of ATMs highlight our continued focus on our strategy to add more products on more ATMs in more countries."
The launch of the ATM network in Malaysia represents Euronet's first independent network in Asia Pacific, while the independent network in Portugal marks Euronet's first EFT presence in the country. With the addition of these new markets, Euronet now owns and
operates IAD networks in 17 countries including: Poland, Germany, France, Portugal, Spain, Italy, Greece, Cyprus, Romania, Ukraine, Croatia, Hungary, Denmark, Austria, Malaysia, the Czech Republic and the United Kingdom.
Euronet has developed a comprehensive portfolio of ATM value added services. Some of these services include:
- ATM Advertising & Promotions
- Bill Payment
- Cardless Withdrawal
- Charity Donations
- Customer Relationship Management
- Domestic & International Gateways
- Dynamic Currency Conversion
- e-wallet Top-up
- Foreign Currency Dispense
- FX Remittances
- Instant Loans
- Intelligent Deposit
- Mobile Funds Transfer
- Mobile Airtime Top-up
- Person-to-Person Remittances
- Prepaid Content Distribution
Continued Mr. Brown, "ATMs are no longer just for cash withdrawal and we are pleased that banks are recognizing our market leading capabilities. Our innovative value added services can be tailored to the specific needs of banks which enhance the customer proposition and create additional revenue streams for the bank. We look forward to expanding our presence and our technology to more devices in more countries with more banks across the globe."
For more information please visit www.euronetworldwide.com.
About Euronet Worldwide, Inc.
Euronet Worldwide is an industry leader in processing secure electronic financial transactions. The Company offers payment and transaction processing solutions to financial institutions, retailers, service providers and individual consumers. These services include comprehensive ATM, POS and card outsourcing services, card issuing and merchant acquiring services, software solutions, cash-based and online-initiated consumer-to-consumer and business-to-business money transfer services, and electronic distribution of prepaid mobile phone time and other prepaid products.
Euronet's global payment network is extensive - including 20,863 ATMs and a growing portfolio of outsourced debit and credit card
services which are under management in 47 countries; card software solutions; a prepaid processing network of approximately 672,000 POS terminals at approximately 308,000 retailer locations in 34 countries; and a global money transfer network of approximately 246,000 locations serving 138 countries. With corporate headquarters in the USA, Euronet serves clients in approximately 165 countries. For more information, please visit www.euronetworldwide.com.
Source: Euronet Worldwide, Inc.
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