Welcome to our dedicated page for Euronet Worldwide news (Ticker: EEFT), a resource for investors and traders seeking the latest updates and insights on Euronet Worldwide stock.
Euronet Worldwide Inc (NASDAQ: EEFT) is a global leader in processing secure electronic financial and payment transactions. The company operates through three main segments: EFT Processing, epay, and Money Transfer. Euronet provides its services to a wide range of clients including financial institutions, mobile operators, merchants, and money transfer sending and receiving agents.
In the EFT Processing segment, Euronet manages one of the largest independent ATM networks in Europe and the largest shared ATM network in India. The company generates revenue from ATM management fees and currency conversion transactions, providing convenience and accessibility to customers.
The epay segment focuses on electronic distribution of prepaid mobile airtime and other prepaid products. Euronet is recognized as the world's largest processor of prepaid mobile airtime, serving a vast global market.
The Money Transfer segment continues to grow, making Euronet the third-largest global money transfer company. The company facilitates secure and efficient money transfers across various countries, ensuring reliable service for users worldwide.
Euronet's proprietary software offers comprehensive solutions tailored to leading financial institutions around the globe. Its technology enhances the capabilities of financial services, supporting eCommerce transactions and more.
With extensive operations across the United States, Europe, the Middle East, and Asia-Pacific, Euronet effectively caters to both emerging and established markets. Recent achievements include expanding their IAD ATM network to 32 European countries and 38 countries globally, and acquiring 800 ATMs in Malaysia, solidifying its position as the largest non-bank ATM operator in the country.
Latest News:
- The company’s IAD ATM network footprint now includes 32 countries in Europe and 38 countries globally.
- Euronet reports the following consolidated results for the full year 2023 compared with the same period of 2022.
- Technology addition to bolster the capabilities of Euronet’s Ren payments platform with issuing and acquirer processing of eCommerce transactions.
- A comprehensive offering will be available to the companies’ combined customer base of more than 285,000 merchants as well as the broader Greek market.
- Euronet will acquire about 800 ATMs, making it the largest non-bank ATM terminal operator in Malaysia. For more information, please visit www.paynet.my.
With a commitment to secure and efficient electronic payment solutions, Euronet Worldwide Inc continues to lead and innovate in the financial transaction processing industry.
Euronet (NASDAQ: EEFT), a global leader in financial technology and payments, has appointed Sergi Herrero to its Board of Directors, effective June 4, 2024. This appointment expands the board from nine to ten members. Herrero brings extensive experience in the payment and technology sectors, having served in C-level roles and on the boards of various fintech companies.
Currently, Herrero is the Chairman of the Board at Intix, a fintech specializing in transaction data analytics for banks and securities houses. He also serves on the board of Ezra, a fintech based in the Middle East, and was previously Meta's Global Director of Payments and Commerce. Herrero holds master's degrees in Management from the University of California, Berkeley, and Ramon Llull University in Spain, along with a BS in Electrical Engineering from Ramon Llull University.
Euronet (NASDAQ: EEFT) has successfully acquired about 800 ATM terminals from Payments Network Malaysia (PayNet), enhancing its position as the largest non-bank ATM operator in Malaysia. Effective April 1, 2024, these ATMs have been integrated into Euronet’s network, which utilizes its advanced Ren payments platform. This move aims to provide secure and reliable cash access to customers in both urban and rural areas across Malaysia. The acquisition aligns with Euronet’s global ATM Asset Acquisition Program, offering comprehensive ATM outsourcing services and supporting financial inclusion. A rebranding to Euronet's brand will be completed within the next year.
Euronet Worldwide, Inc. reported strong first-quarter 2024 financial results, with revenues of $857.0 million, a 9% increase year-over-year. The Company's operating income increased by 40% to $64.0 million, and adjusted EPS grew by 47% to $1.28. Euronet's cash and cash equivalents stood at $1,236.2 million as of March 31, 2024. CEO Michael J. Brown highlighted the record-breaking adjusted EPS and exceeded analyst expectations, signaling confidence in 10-15% annual adjusted EPS growth for 2024.
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