STRATEGIC PARTNERS
February 24, 2002
BUDAPEST, Hungary -- Euronet Services Inc. announced that it will install ATMs in off-bank locations throughout the United Kingdom after signing an agreement with the British bank Woolwich plc.
Under terms of the agreement, the ATMs will be installed by Euronet in selected locations with Woolwich plc providing access to the U.K. ATM network. The ATMs will be located primarily in high-traffic areas such as shopping centers, supermarkets and other retail sites. Cardholders will be charged a convenience fee of 1 British pound sterling for each cash withdrawal. Euronet has signed a real-estate agreement with Spar supermarkets to place ATMs in certain Spar locations. To date, four ATMs have been installed in Spar locations in the U.K.
Euronet also reported that transactions by cardholders over its ATM network in Hungary, Poland, Germany, Croatia, the Czech Republic and France totaled 1,645,540 in November and 1,963,488 in December, representing monthly increases of 8% and 19%, respectively. As of Dec. 31, Euronet was operating 528 ATMs in Hungary, 425 in Poland, 197 in Germany, 68 in Croatia, 50 in the Czech Republic, two in France and one in the U.K.
