Euronet Worldwide’s epay Division to Manage Transactions Between Microsoft and Telecommunications Retailers for Xbox-Related Subscriptions
The agreement covers two Xbox offerings for consumers:
- Xbox Game Pass Ultimate includes
Xbox Game Pass for Console,Xbox Game Pass for PC, Xbox Live Gold, and Microsoft’s recently announcedCloud Gaming that provides consumers access to more than 100AAA console games streamable to their mobile Android devices in 22 markets for one low monthly price on a recurring monthly subscription basis. - In a separate offering, Xbox All Access provides qualifying consumers with their choice of an Xbox One console and accessories plus a recurring monthly subscription to Xbox Game Pass Ultimate. The All Access subscription is billed to the consumer monthly with the cost of the console bundled with the gaming content. The consumer has no up front costs for the console at the point of purchase.
Prior to today’s announcement, epay processed mobile top-ups and other transactions at telecommunications retailers worldwide and also managed the distribution of Xbox’s digital gaming content. Leveraging these connections and the open accessibility of Euronet’s REV™ Payments Cloud, epay now will provide processing and settlement services between the two parties for sales of Games Pass Ultimate and Xbox All Access in the mobile operator’s physical and online stores.
This new agreement enables epay to help Microsoft reach an exploding new cloud-based mobile gaming market. With rising smartphone usage and introduction of 5G networks, studies suggest mobile games will generate revenues of
“Transactional relationships between businesses and customers are evolving rapidly because of market conditions, consumer behaviors, and technology advancements,” said
epay uses the open APIs and extensive payments technologies in Euronet’s REN™ Ecosystem to provide retailers and brands with efficient and convenient methods for implementing and offering new services to its consumers. Learn more at www.epayworldwide.com and www.euronetworldwide.com/ren-ecosystem.
About epay
epay, a division of
About
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 digital media and prepaid mobile phone time.
1 https://newzoo.com/insights/articles/newzoo-games-market-numbers-revenues-and-audience-2020-2023/
2 https://gs.statcounter.com/os-market-share/console/worldwide
3 Microsoft Fiscal Year 2020 Third Quarter Earnings Conference Call
Contact | |
+1-913-327-4200 | |
Director of Financial Planning | staylor@euronetworldwide.com |
and Investor Relations | |
Source: Euronet Worldwide, Inc.