LEAWOOD, Kan.--(BUSINESS WIRE)--
Euronet Worldwide, Inc. (NASDAQ: EEFT) today announced the addition of
two new countries to its portfolio of Independent ATM Deployed (IAD)
networks. Entry into these new markets represents Euronet's first IAD
network deployments completed without a sponsor bank and expands
Euronet's position as the fastest growing and most geographically
diverse Independent ATM Deployer in Europe.
The IADs in two new markets, Spain and Italy, mark Euronet's first EFT
presence in these countries which were made possible by the European
Payment Service Directive (PSD) e-money license granted to Euronet in
2011. The combination of the PSD license, together with approval for
direct membership with Visa and MasterCard, allow Euronet to acquire ATM
debit and credit card transactions without the requirement of a sponsor
bank.
"Euronet is an industry leader in ATM deployment with 18 years of proven
operating excellence," stated Nikos Fountas, Managing Director of
Euronet's EFT Europe Division. "Using our PSD license, we are now able
to bring our experience to new markets without dependency on sponsor
banks, thereby retaining control of the entire implementation process
and shortening the lead time required to enter a new market."
Euronet's new ATMs are located in off-bank premise, high-traffic
locations, making access to cash more convenient for customers.
Market entry into Spain and Italy brings Euronet's IAD presence 10
European countries, including: Spain, Italy, Romania, Greece, Croatia,
Poland, Germany, Czech Republic, Ukraine and Bulgaria. Additionally,
Euronet provides global ATM software solutions, operates the largest
shared ATM network in India and provides ATM outsourcing solutions for
customers throughout Europe, Asia Pacific and the Middle East.
"Euronet's ability to leverage our extensive ATM management experience
and existing infrastructure, combined with our value added service
portfolio creates unique benefits and convenience for both bank
customers and end-users," stated Danilo Rivalta, General Manager of
Euronet's Western Europe EFT Division.
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 17,048 ATMs,
approximately 69,000 EFT POS terminals and a growing portfolio of
outsourced debit and credit card services which are under management in
34 countries; card software solutions; a prepaid processing network of
approximately 617,000 POS terminals at approximately 297,000 retailer
locations in 29 countries; and a consumer-to-consumer money transfer
network of approximately 158,000 locations serving 133 countries. With
corporate headquarters in Leawood, Kansas, USA, and 46 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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