Press Release

Euronet signs ATM outsourcing agreement with Centurion Bank in India

Euronet signs ATM outsourcing agreement with Centurion Bank in India

LEAWOOD, KANSAS and MUMBAI, INDIA—Feb. 17, 2005—Euronet Worldwide, Inc. (Nasdaq: EEFT), a leading electronic payments provider, today announced a multiyear ATM outsourcing and deployment agreement with Centurion Bank, a leading new generation private sector bank in India.

Under the agreement, Centurion Bank will outsource its entire network of 152 ATMs to Euronet India. The company will take over the operation of the bank's ATMs within the next sixty days and provide end-to-end ATM outsourcing services from its operations center in Mumbai. This agreement will include the full range of day-to-day outsourcing services, including transaction processing, network management and monitoring, security, cash forecasting and replenishment, help desk, incident management, maintenance and full reconciliation and settlement services. Furthermore, Euronet will also be providing ATM outsourcing services for any new ATMs that are deployed by Centurion Bank.

Commenting on the alliance, Mr. Shailendra Bhandari, managing director, Centurion Bank said, "As a technology-savvy bank, we constantly upgrade our systems and look for new innovations in the market. Euronet's ATM outsourcing and deployment model provides us with an opportunity to gain better cost and operational efficiencies. We have complete confidence in Euronet's offerings, which enhances our customer focus by providing them a multitude of innovative convenient banking services."

In addition to ATM outsourcing services, Euronet provides shared ATM networking services to Centurion Bank through its Cashnet network, the largest nationwide multilateral shared ATM network in India today comprising nine member banks with more than 3,500 ATMs across the country. Euronet also provides value added network services to the bank, in the form of online mobile phone recharge with three of the leading mobile phone operators in India.

"With the addition of Centurion Bank, Euronet now has ATM outsourcing contracts with seven leading private sector/multinational banks in India," said Daniel R. Henry, Euronet Worldwide President and Chief Operating Officer. "We are committed to building our business in Asia-Pacific, and will continue to make further investments enabling financial institutions in the region to outsource their ATM infrastructure to Euronet."

About Euronet Worldwide

Euronet Worldwide is an industry leader in processing secure electronic financial transactions. The company offers outsourcing and consulting services, integrated EFT software, network gateways, and electronic prepaid top-up services to financial institutions, mobile operators and retailers. Euronet operates and services the largest pan-European group of ATMs and operates the largest India shared ATM network. Euronet is also the largest provider of prepaid processing, or top-up services, for prepaid mobile airtime. The company has processing centers located in the U.S., Europe and Asia, and processes electronic top-up transactions at more than 168,000 point-of-sale terminals across more than 79,000 retailers in Europe, Asia Pacific and the U.S. With corporate headquarters in Leawood, Kansas, USA, and 19 worldwide offices, Euronet serves clients in more than 65 countries. Visit the company's web site at www.euronetworldwide.com.

About Centurion Bank

Centurion Bank has been recently recapitalized by a group of international investors. A globally experienced management team has been inducted, including Mr. Rana Talwar as the Chairman of the Board of Directors and Mr. Shailendra Bhandari as the Managing Director. The major shareholders of the bank include Bank Muscat, Keppel Corporation, Asian Development Bank and Sabre Capital Worldwide. With the new branch licenses awarded by the Reserve Bank of India, the Bank will have 75 fully networked branches, 24 extension counters and 152 ATMs across the country. Centurion Bank is a private sector bank undertaking a wide spectrum of banking activities, both in the retail and corporate segments. The Bank holds leadership positions in retail two-wheeler and commercial vehicle loans. Centurion has been among the earliest banks to offer a technology-enabled customer interface that provides easy access and superior customer service.

 

Contacts:




Media Contact:

Misti Garffie
Euronet Worldwide
913-327-4257
mgarffie@payspot.com
 
IR Department
Euronet Worldwide
913-327-4200
investor@euronetworldwide.com