News

Euronet acquires 400 ATMs from Ireland's Ulster Bank

May 7, 2018

Euronet Worldwide Inc. has acquired approximately 400 Easycash branded ATMs in Ireland from Ulster Bank.

The ATMs are deployed nationwide in prime retail locations and will be a substantial addition to the company's market presence in Ireland, a company press release said.

Euronet currently operates YourCash and Euronet ATM brands in Ireland; with the acquisition from Ulster Bank, will have cornered approximately 15 percent of the ATM market in Ireland.

The company said that the newly acquired ATMs will be integrated with  the current Euronet network in the coming months, and that customers should experience no disruption in service.

Following migration to the Euronet system, the company will look to offer value-added services on the ATMs, including cash deposits, foreign currency dispensing, event ticketing, promotional advertisements and other auxiliary services, according to the release.

"Acquiring an established offsite ATM network from Ulster Bank, and integrating it within our existing ATM assets in the region, is an extension of our strategy to widen the reach of our sophisticated pan-European independently deployed ATM network,” Nikos Fountas, Euronet executive vice president and CEO for EFT in EMEA, said in the release. “We remain committed to offering our enhanced suite of ATM services to banks, merchants, and consumers across all markets where we operate.”

Ulster Bank will continue to operate its own branded estate of ATMs, the release said.

Financial details of the agreement were not provided.