Press Release

Euronet expands ATM outsourcing agreement with China Postal Savings Bank

Euronet expands ATM outsourcing agreement with China Postal Savings Bank

LEAWOOD, KANSAS and BEIJING, CHINA — June 18, 2007 — Euronet Worldwide Inc. ("Euronet" or the "Company") (NASDAQ: EEFT), a leading electronic payments provider, today announced it has expanded its ATM outsourcing agreement with China Postal Savings Bank ("China Postal Bank" or the "Bank"), the fifth largest financial institution in China, for 721 new ATMs.

Under the expanded agreement, Euronet will deploy an additional 721 ATMs for China Postal Bank in Beijing, Shanghai and the Guangdong province. The Company will provide the full range of day-to-day ATM outsourcing services from its operations center in Beijing, which is already managing 90 ATMs for the Bank. Euronet China expects to complete the deployment of the new ATMs for China Postal within the next 12 to 18 months.

"We are very pleased to expand our agreement with China Postal Bank following the success of our initial pilot ATM project. Our proven outsourcing services enable China Postal Bank to manage and expand their ATM network with the help of a single established service provider resulting in an efficient deployment and servicing model for the Bank," said Michael J. Brown, Euronet Worldwide chairman, chief executive officer and president. "The recent positive developments within the Chinese banking sector are creating significant opportunities for reliable and cost-effective ATM outsourcing service partners such as Euronet to assist banks in China develop their retail banking networks."

China Postal Bank has a growing network of 7,780 ATMs, which includes the 90 ATMs deployed by Euronet over the last year. The assessment of the initial pilot project indicated significant benefits experienced by China Postal Bank including an increase in transaction volumes, improved uptime, superior branding and efficiency of the new ATMs deployed and managed by Euronet.

About Euronet Worldwide

Euronet Worldwide is an industry leader in processing secure electronic financial transactions. The Company offers outsourcing and consulting services, integrated EFT software, network gateways, electronic prepaid top-up services to financial institutions, mobile operators and retailers, as well as electronic consumer money transfer and bill payment services. Euronet operates and services the largest pan-European group of ATMs and operates the largest Indian shared ATM network. Euronet is also one of the largest providers of prepaid processing, or top-up services, for prepaid mobile airtime. Additionally, with the completion of the acquisition of RIA Envia Inc. in April 2007, Euronet has established itself as the third-largest global money transfer company in the world. The Company has processing centers located in the U.S., Europe and Asia, and processes electronic top-up transactions at more than 356,000 point-of-sale terminals across approximately 186,000 retailers in Europe, Asia Pacific, Africa and the U.S. With corporate headquarters in Leawood, Kansas, USA, and 26 worldwide offices, Euronet serves clients in approximately 100 countries. Visit the Company's web site at www.euronetworldwide.com.

About China Postal Savings Bank (formerly China Postal Savings and Remittance Bureau)

China Post began its postal savings services in 1919 with the establishment of the China Postal Savings and Remittance Bureau. In March 2007, Postal Savings and Remittance Bureau was formally restructured into a full-service commercial bank. The newly established entity - China Postal Savings Bank (CPSB) – is the fifth-largest financial institution in China with more than 36,000 branches.

With the restructuring of China's postal system, the CPSB has been formed with the aim of broadening access to financial services across the country. According to the China Banking Regulatory Commission, the CPSB will specialize in retail banking and intermediary services, targeting rural areas with its extensive network.

 

Contacts:


Media Contact:

Shruthi  Fielder (formerly Dyapaiah)
Euronet Worldwide, Inc.
+1-913-327-4225
sdyapaiah@eeft.com