LEAWOOD, Kan.--(BUSINESS WIRE)--
Euronet Worldwide (NASDAQ: EEFT), via its Ukrainian subsidiary, Euronet
Ukraine LLC, announces the acquisition of ATMs from UkrSibbank, a
subsidiary of BNP Paribas and the third largest bank in the Ukraine. The
agreement for the acquisition of 172 ATMs follows the November 2011
purchase of 116 ATMs from UkrSibbank and doubles Euronet's presence in
the market.
Euronet operates the only shared ATM network in Ukraine and has
contracts with five leading Ukrainian banks for network participation.
The newly acquired ATMs are in convenient, high traffic,
off-bank-premise locations and will be integrated into Euronet's
network. The expansion of this partnership with UkrSibbank demonstrates
Euronet's continued success in executing its strategy to consolidate
banks' off-premise ATMs to an independently deployed and shared network
model.
This contract includes a seven year agreement for the bank's
participation in Euronet's shared network, which provides the bank's
customers the ability to use Euronet ATMs under the same terms and
conditions as the ATMs of their own bank. The agreement with UkrSibbank
also expands Euronet's geographic footprint in the country from Kiev to
the other five largest cities in Ukraine.
"UkrSibbank's cooperation with Euronet brings significant benefits for
the bank and our customers. Euronet's experience in managing and
operating ATMs enables the Bank to focus on our core business, while our
customers benefit from higher service levels due to the convenience of
the Euronet locations and high ATM uptime," stated Konstantin Lezhnin,
Board Member of UkrSibbank.
"Euronet is proud to expand our relationship with UkrSibbank. This
partnership reflects a growing global trend of banks consolidating their
ATM Networks," stated Nikos Fountas, Vice President and Managing
Director of Euronet's EFT Europe Division. "Our bank customers benefit
from lower operating costs while their customers benefit from access to
a wider ATM network as well as to an extended set of value added
services."
Euronet is the largest pan-European Independent ATM Deployer, currently
operating ATM Shared Networks in 11 European countries.
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, consumer money transfer and bill
payment services, and electronic distribution for prepaid mobile phone
time and other prepaid products.
Euronet's global payment network is extensive - including 17,370 ATMs,
approximately 69,000 EFT POS terminals and a growing portfolio of
outsourced debit and credit card services which are under management in
36 countries; card software solutions; a prepaid processing network of
approximately 631,000 POS terminals at approximately 304,000 retailer
locations in 29 countries; and a consumer-to-consumer money transfer
network of approximately 170,000 locations serving 133 countries. With
corporate headquarters in Leawood, Kansas, USA, and 47 worldwide
offices, Euronet serves clients in approximately 150 countries. For more
information, please visit the Company's website at www.euronetworldwide.com.
Euronet Worldwide, Inc.
U.S.:
Stephanie Taylor, +1-913-327-4200
or
Europe:
Yana
Itskovich, +36 (1) 224-4674
Source: Euronet Worldwide, Inc.
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