Euronet’s e-pay Subsidiary Signs Exclusive Prepaid Agreement with Caltex Australia, Australia’s Largest Petrol Convenience Retailer
Euronet’s e-pay Subsidiary Signs Exclusive Prepaid Agreement with Caltex Australia, Australia’s Largest Petrol Convenience Retailer
Euronet’s e-pay Subsidiary Signs Exclusive Prepaid Agreement with Caltex Australia, Australia’s Largest Petrol Convenience Retailer LEAWOOD, Kansas and SYDNEY, Australia — July 9, 2008 — Euronet Worldwide, Inc.'s ("Euronet" or the "Company") (NASDAQ: EEFT) prepaid subsidiary, e-pay Australia ("e-pay"), announced today a prepaid agreement with Caltex Australia Petroleum Pty Limited ("Caltex"), Australia's largest petrol convenience retailer.
Under the agreement, e-pay will be the recommended supplier of prepaid mobile airtime and other prepaid products to Caltex convenience stores, which are part of Caltex's national service station network. The signing of Caltex Australia strengthens the position of Euronet's e-pay subsidiary in the electronic prepaid market in Australia. e-pay anticipates the roll out process to be completed by mid-July to all participating Caltex convenience stores.
"Prepaid is a mission-critical part of our business. The security, scale and financial strength offered by e-pay's prepaid business in addition to their leadership within the global prepaid industry were critical to our decision. We are very pleased with the e-pay team for enabling a seamless transition to their prepaid platform from our previous service provider, while ensuring customer satisfaction," said Karim Sumar, National Merchandise Manager for Caltex Australia.
Caltex Australia is the largest refiner and marketer of petroleum products in Australia with operations in all states and territories. Their national service station network includes the largest number of convenience stores in Australia. Caltex convenience stores typically offer a bakery, coffee, hot food/pre-packed foods, an ATM, prepaid products and other convenience items.
"The Caltex agreement is a significant win for us and we're very pleased to have been able to take advantage of shifts in the competitive landscape to secure our prepaid leadership position in Australia," said Kevin J. Caponecchi, president, Euronet Worldwide. "Together, e-pay and Caltex Australia, two leading companies within the prepaid and petro-retail space, respectively, can better serve the growing needs of customers for convenient and reliable prepaid products."
e-pay has also recently won contracts with several other leading retailers in Australia. The current list of e-pay's customers includes large retail groups such as Woolworths, BP, Mobil Quix and Video Ezy.
About Caltex Australia Petroleum Pty Limited
As the largest refiner and marketer of petroleum products in Australia with operations in all states and territories, Caltex is the only oil refining and marketing company listed on the Australian Stock Exchange. Caltex has achieved the leading position in market share for transport fuels and is the number one convenience store operator through the national Star Mart and Star Shop network.
About Euronet Worldwide, Inc.
Euronet Worldwide, Inc. is an industry leader in processing secure electronic financial transactions. The Company offers payment and transaction processing solutions to financial institutions, mobile operators and retailers which 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 airtime and other prepaid products. Euronet operates and processes transactions from 42 countries.
Euronet's global payment network is extensive — including 11,917 ATMs and approximately 51,000 EFT POS terminals which are under management in 20 countries; a growing portfolio of outsourced debit and credit card services and card software solutions; a prepaid processing network of 394,000 point-of-sale terminals across approximately 193,000 retailer locations in 14 countries; and a consumer-to-consumer money transfer network of more than 68,000 locations serving approximately 100 countries. With corporate headquarters in Leawood, Kansas, USA, and 32 worldwide offices, Euronet serves clients in 130 countries. For more information, please visit the Company's Web site at www.euronetworldwide.com.
Contacts:
Media Contact:
Shruthi Fielder (formerly Dyapaiah)
Euronet Worldwide, Inc.
+1-913-327-4225
sdyapaiah@eeft.com
Under the agreement, e-pay will be the recommended supplier of prepaid mobile airtime and other prepaid products to Caltex convenience stores, which are part of Caltex's national service station network. The signing of Caltex Australia strengthens the position of Euronet's e-pay subsidiary in the electronic prepaid market in Australia. e-pay anticipates the roll out process to be completed by mid-July to all participating Caltex convenience stores.
"Prepaid is a mission-critical part of our business. The security, scale and financial strength offered by e-pay's prepaid business in addition to their leadership within the global prepaid industry were critical to our decision. We are very pleased with the e-pay team for enabling a seamless transition to their prepaid platform from our previous service provider, while ensuring customer satisfaction," said Karim Sumar, National Merchandise Manager for Caltex Australia.
Caltex Australia is the largest refiner and marketer of petroleum products in Australia with operations in all states and territories. Their national service station network includes the largest number of convenience stores in Australia. Caltex convenience stores typically offer a bakery, coffee, hot food/pre-packed foods, an ATM, prepaid products and other convenience items.
"The Caltex agreement is a significant win for us and we're very pleased to have been able to take advantage of shifts in the competitive landscape to secure our prepaid leadership position in Australia," said Kevin J. Caponecchi, president, Euronet Worldwide. "Together, e-pay and Caltex Australia, two leading companies within the prepaid and petro-retail space, respectively, can better serve the growing needs of customers for convenient and reliable prepaid products."
e-pay has also recently won contracts with several other leading retailers in Australia. The current list of e-pay's customers includes large retail groups such as Woolworths, BP, Mobil Quix and Video Ezy.
About Caltex Australia Petroleum Pty Limited
As the largest refiner and marketer of petroleum products in Australia with operations in all states and territories, Caltex is the only oil refining and marketing company listed on the Australian Stock Exchange. Caltex has achieved the leading position in market share for transport fuels and is the number one convenience store operator through the national Star Mart and Star Shop network.
About Euronet Worldwide, Inc.
Euronet Worldwide, Inc. is an industry leader in processing secure electronic financial transactions. The Company offers payment and transaction processing solutions to financial institutions, mobile operators and retailers which 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 airtime and other prepaid products. Euronet operates and processes transactions from 42 countries.
Euronet's global payment network is extensive — including 11,917 ATMs and approximately 51,000 EFT POS terminals which are under management in 20 countries; a growing portfolio of outsourced debit and credit card services and card software solutions; a prepaid processing network of 394,000 point-of-sale terminals across approximately 193,000 retailer locations in 14 countries; and a consumer-to-consumer money transfer network of more than 68,000 locations serving approximately 100 countries. With corporate headquarters in Leawood, Kansas, USA, and 32 worldwide offices, Euronet serves clients in 130 countries. For more information, please visit the Company's Web site at www.euronetworldwide.com.
Contacts:
Media Contact:
Shruthi Fielder (formerly Dyapaiah)
Euronet Worldwide, Inc.
+1-913-327-4225
sdyapaiah@eeft.com