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 Worldwide, Inc. (EEFT) reported fourth quarter 2021 revenues of $811.5 million, marking a 15% increase year-over-year. However, operating income dropped by 42% to $29.0 million. The net loss attributable to Euronet was $3.1 million, translating to a ($0.06) diluted loss per share, contrasting sharply with $70.2 million net income in Q4 2020. For the full year 2021, revenues reached $2,995.5 million, a 21% increase, while adjusted earnings per share rose 31% to $3.69. The company anticipates a return to earnings levels similar to 2019 in 2022.
Euronet Worldwide, Inc. (NASDAQ: EEFT) will announce its fourth quarter and full year 2021 earnings results on February 10, 2022, before market opening. A conference call will be held the same day at 9:00 a.m. ET to discuss the results. Investors can access the call via a webcast and by telephone. Euronet is a global financial technology and payments provider, operating over 47,000 ATMs and 400,000 POS terminals in 62 countries, facilitating efficient payment solutions for diverse clients.
Euronet Worldwide (NASDAQ: EEFT) announced its REN payments platform will modernize Indonesia’s largest state-owned bank switching network, PT Jalin Pembayaran Nusantara. This partnership aims to enhance digital payment solutions, addressing the growing demand as 85% of Southeast Asian consumers adopted cashless payments by early 2021. The project includes cross-border QR code payments and aims for billions in annual transactions as it rolls out over the next year. Jalin's transformation focuses on mitigating fraud and improving transaction efficiency.
Euronet Worldwide (NASDAQ: EEFT) has launched Dandelion, a new cross-border payments platform aimed at modernizing international transactions for fintechs and banks. With global cross-border payments exceeding $155 trillion annually, Dandelion addresses inefficiencies in the traditional payment infrastructure. The platform connects to local payment rails in 162 countries, offering real-time payments, a single integration API, and enhanced transparency. As of Q1 2022, Dandelion projects to process real-time payments representing over 80% of global GDP.
Euronet Worldwide (NASDAQ: EEFT) will hold a webcast on November 17, 2021, at 9:00 a.m. ET to announce the launch of a new product. The presentation will include remarks from CEO Mike Brown, followed by a Q&A session accessible via phone. Participants should join at least five minutes before the start. A replay will be available for one year on the company’s website. Euronet is a global financial technology solutions provider, operating extensive ATM and POS networks, and offering diverse payment services across 175 countries.
epay has launched a new recurring billing solution for subscription-based products like Microsoft 365 and Xbox Game Pass Ultimate across multiple continents. This platform enables global brands and retailers to generate recurring revenue and simplifies payment processing through epay’s technology. Retailers can connect effortlessly to epay’s tech to access various digital products, enhancing customer purchase options. With established launches in regions including Europe and Asia, epay aims to expand this solution further, responding to the growing trend of subscription-based business models in diverse industries.
Euronet Worldwide reported strong third-quarter 2021 results, with revenues of $816.6 million, up 23% year-over-year. Operating income surged 73% to $114.5 million, while adjusted EBITDA rose 48% to $155.2 million. Net income reached $73.9 million, or $1.37 per share, a significant increase from $40.2 million in 2020. The company anticipates fourth-quarter revenues to align with third-quarter results. Despite a 9% revenue increase in the Money Transfer segment, operating income decreased 21% due to higher costs and FX volatility.
Euronet Worldwide (EEFT) announced it will release its third quarter earnings results on October 21, 2021, before market opening. A conference call to discuss the results will be held at 9:00 a.m. ET the same day. Participants can access the call via webcast or by telephone. Euronet is a leading global provider of financial technology solutions, offering payment processing to various sectors, including financial institutions and retailers. The company operates an extensive global payment network, including over 46,000 ATMs and 490,000 money transfer locations.
Euronet Worldwide (NASDAQ: EEFT) has announced the licensing of its REN payments platform to Marker Trax, enabling a new cashless casino marker management system. This system is designed to enhance transaction processing for both physical and online casinos, tapping into a forecasted $516 billion global gaming market and $150 billion in North America for 2021. The approval from the Nevada Gaming Control Board marks a significant milestone for Marker Trax, with plans for a broader rollout aimed at improving efficiency and customer experience in the gaming sector.
Ria Money Transfer, a segment of Euronet Worldwide (NASDAQ: EEFT), has partnered with Paytm Payments Bank to allow real-time international remittances into Paytm's mobile wallet, impacting approximately 333 million users. This groundbreaking service enables the Indian diaspora to send money instantly through Ria's platforms or over 490,000 retail locations worldwide. The initiative aims to enhance financial inclusion and digital access for Indian families. Ria's direct payment integration with Paytm positions it as a leader in the evolving remittance landscape.
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