News

Euronet doubles Romanian ATM fleet through acquisition

April 8, 2014

Romanian bank Banca Comerciala Carpatica has agreed to sell its fleet of 200 ATMs to Euronet Services SRL, a subsidiary of Euronet Worldwide Inc. BCC also has elected to join the Euronet shared ATM network in Romania, and has contracted for POS acquiring and card issuing services from the company.

With the new agreement, Euronet has effectively doubled the size of its estate in Romania to 400 ATMs. The acquired in-branch ATMs will be co-branded with Euronet, while the off-premises ATMs will be rebranded to Euronet.

Euronet is the only operator of a shared network in Romania. The new agreement increases the number of banks participating in the network to five and expands coverage to include all 41 counties in Romania.   

"Customers are clear winners in this partnership — through access to a larger network, with no extra costs," said Banca Comerciala Carpatica CEO Johan Gabriels. "This agreement not only doubles the size of the network but also increases the level of service quality, with increased network uptime and best-of-breed ATM locations. We are confident that this project will benefit the Romanian market."

"Euronet is pleased to expand our relationship with Banca Comerciala Carpatica through the first ATM network purchase in Romania," said Nikos Fountas, Euronet EVP and managing director for Europe EFT. "We are excited to pioneer this development in Romania and look forward to expanding through similar deals in the future."

Euronet is the largest pan-European IAD, with independent networks in 13 countries, the release said. The Leawood, Ks.-based firm operates a global network that comprises 18,311 ATMs, and also offers extensive payments-oriented services and solutions.