Largest Bank in Czech Republic Selects Euronet as Outsource Provider for Prepaid Mobile Solutions
Largest Bank in Czech Republic Selects Euronet as Outsource Provider for Prepaid Mobile Solutions
Euronet’s Electronic Recharge enables CS’s cardholders and other Czech cardholders to automatically add minutes to their GSM prepaid mobile phone accounts through two electronic touchpoints: directly from their GSM phones or from any of CS’s network of more than 900 ATMs. Electronic Recharge offers added speed and convenience to CS’s cardholders who purchase prepaid airtime for their GSM phones 24 hours a day, 7 days a week. Euronet Electronic Recharge offers the most advanced and sophisticated methods of prepayment for mobile phone recharging in the world.
“We chose Euronet’s Recharge product because the transaction servicing creates a new revenue stream for us, without requiring any capital investment,” said Marie Hesnaurova, Director of Business Department of Ceska Sporitelna a.s. “Our cardholders will enjoy the convenience with which they can increase their prepaid phone minutes, and our company will benefit from providing additional customer services.”
CS, who serves 4 million customers, is the largest financial institution the Czech Republic offering Euronet Electronic Recharge services for prepaid subscribers. Euronet ATM Recharge is already available at Euronet-operated ATMs in Poland, Hungary, the Czech Republic and Croatia for customers of ERA GSM, Pannon GSM, EuroTel and VIPnet, respectively.
“Ceska Sporitelna proves it is a banking leader by adopting the most profitable emerging financial technology—prepaid airtime recharge services,” said Michael J. Brown, Chairman and CEO of Euronet Worldwide, Inc. “Last year, the Czech Republic had 4 million mobile phone users, and three out of four of them were prepaid customers. The trend continues to grow. This agreement confirms Euronet’s position as a leading provider of prepaid services in the Czech market and throughout Europe. By partnering with Euronet, the bank can leverage its huge investment of ATM infrastructure into incremental revenue production and better customer service.”
About Euronet Worldwide, Inc.
Euronet Worldwide is an industry leader in providing secure electronic financial transaction solutions. The company offers financial payment middleware, financial network gateways, outsourcing and consulting services to financial institutions and mobile operators. These solutions enable their customers to access personal financial information and perform secure financial transactions -- any time, any place. The company has processing centers located in the United States, Europe and Asia, and owns and operates the largest independent ATM network in Europe. Visit our website at www.euronetworldwide.com.
About Ceska Sporitelna a.s.
According to a number of clients, the bank is the largest financial house in the Czech Republic. It became a member of the strong Central European financial group of Erste Bank der oesterrichischen Sparkassen in 2000. Ceska Sporitelna has been undergoing a complex and demanding transformation since July 2000 that will turn it into a modern, client oriented financial house with a broad scale of services and products.
The bank is primarily focused on retail clients, on small and medium size enterprises and on municipalities. Financing large corporate also plays an important role in the bank’s businesses. Ceska Sporitelna reported 4 million clients at the end of 2000, offering them a large scale of services and products to cover all needs of their financial life; Ceska Sporitelna issued more than 2 million debit cards, administrates networks of over 700 branches and over 900 ATMs.
Contacts:
Media Contact:
Misti Garffie
Euronet Worldwide
913-327-4257
mgarffie@payspot.com