News

Euronet adds new markets, services

The company says it has added IAD networks in three countries, and expanded its value-added service agreements to cover 165,000 ATMs on six continents.

June 16, 2015

Euronet Worldwide Inc. has added three new countries to its portfolio of independent ATM deployment networks, according to a press release. The company's new markets include Malaysia, Cyprus and Portugal.

While expanding geographically, Euronet is simultaneously expanding its value-added services through several new agreements, the company said.

When fully implemented, these services will be added to more than 165,000 bank-owned ATMs in 21 countries across six continents.

The new services will improve the profitability of ATM networks owned and operated by Euronet, according to the company's chairman, CEO and president Michael J. Brown.

"The entry into these three new markets and agreements to launch value-added services across a significant number of ATMs highlight our continued focus on our strategy to add more products on more ATMs in more countries," he said in the release.

With the addition of the three new markets, Euronet now owns and operates IAD networks in 17 countries: Austria; Croatia; Cyprus; the Czech Republic; Denmark; France; Germany; Greece; Hungary; Italy; Malaysia; Poland; Portugal; Romania; Spain; Ukraine; and the United Kingdom.

Value-added services offered by Euronet include:

"ATMs are no longer just for cash withdrawal and we are pleased that banks are recognizing our market leading capabilities," Brown said. "We look forward to expanding our presence and our technology to more devices in more countries with more banks across the globe."