Euronet Worldwide Establishes Record Transaction Growth For 2000
Euronet Worldwide Establishes Record Transaction Growth For 2000
Euronet Worldwide Establishes Record Transaction Growth For 2000 LEAWOOD, KANSAS, USA - Euronet Worldwide (Nasdaq: EEFT), a leading provider of secure financial transaction solutions, announced today it has established a transaction record for the year 2000 with a 60% increase over 1999.
This growth trend continued during the fourth quarter of 2000, typically the highest transaction period, with an increase of 39% over Q4 1999. This trend of very strong transaction growth is extremely positive considering that the number of Euronet ATMS’s grew by 15% during 2000.
“This transaction growth came from an increase in the number of ATMs we operate worldwide and an increase in transaction volume in our core markets fueled by new debit and credit card issuance,” stated Michael Brown, Euronet Worldwide Chairman and Chief Executive Officer. “Also during 2000, we added a very exciting payment solution providing mobile phone users the ability to recharge their phone with pre-paid airtime via Euronet-operated ATMs. This solution to purchase pre-paid airtime has opened up the mobile operators and their millions of customers as potential drivers of future transactions across our payment network. Today, we have six mobile operators who provide this service to their customers using our solution, and we expect to add several more in 2001.”
As a global provider of secure financial transactions, Euronet continues to expand its geographic and marketplace presence throughout Europe, Middle East, Africa, the Americas and Asia / Pacific. This expansion allows our customers’ the ability to provide their consumers a wide array of additional transaction touchpoints, and provides Euronet continued transaction volume growth.
About Euronet Worldwide
Euronet Worldwide is a global provider of secure electronic financial transaction solutions. Euronet's financial payment middleware, financial network gateways, outsourcing, and consulting services enable its customer banks, financial institutions, and mobile operators to provide their clientele access to personal financial information and to perform secure financial transactions -- any time, any place. Arrowz ä, the company’s proprietary transaction management system, powers financial transaction solutions for over 200 clients in 60 countries as well as the company’s processing centers located in the United States, Europe and Indonesia. Euronet was recently ranked number two on the Deloitte & Touche Technical Fast 500, a ranking of the fastest growing technology companies in North America. The company owns and operates the largest independent ATM network in Europe with corporate headquarters in Leawood, Kansas, USA, and European headquarters in Budapest, Hungary.
This growth trend continued during the fourth quarter of 2000, typically the highest transaction period, with an increase of 39% over Q4 1999. This trend of very strong transaction growth is extremely positive considering that the number of Euronet ATMS’s grew by 15% during 2000.
“This transaction growth came from an increase in the number of ATMs we operate worldwide and an increase in transaction volume in our core markets fueled by new debit and credit card issuance,” stated Michael Brown, Euronet Worldwide Chairman and Chief Executive Officer. “Also during 2000, we added a very exciting payment solution providing mobile phone users the ability to recharge their phone with pre-paid airtime via Euronet-operated ATMs. This solution to purchase pre-paid airtime has opened up the mobile operators and their millions of customers as potential drivers of future transactions across our payment network. Today, we have six mobile operators who provide this service to their customers using our solution, and we expect to add several more in 2001.”
As a global provider of secure financial transactions, Euronet continues to expand its geographic and marketplace presence throughout Europe, Middle East, Africa, the Americas and Asia / Pacific. This expansion allows our customers’ the ability to provide their consumers a wide array of additional transaction touchpoints, and provides Euronet continued transaction volume growth.
About Euronet Worldwide
Euronet Worldwide is a global provider of secure electronic financial transaction solutions. Euronet's financial payment middleware, financial network gateways, outsourcing, and consulting services enable its customer banks, financial institutions, and mobile operators to provide their clientele access to personal financial information and to perform secure financial transactions -- any time, any place. Arrowz ä, the company’s proprietary transaction management system, powers financial transaction solutions for over 200 clients in 60 countries as well as the company’s processing centers located in the United States, Europe and Indonesia. Euronet was recently ranked number two on the Deloitte & Touche Technical Fast 500, a ranking of the fastest growing technology companies in North America. The company owns and operates the largest independent ATM network in Europe with corporate headquarters in Leawood, Kansas, USA, and European headquarters in Budapest, Hungary.