Innovation
Euronet Worldwide acquires Dolphin Debit
May 1, 2020
Texas-based Dolphin Debit, a U.S. ATM outsourcer, was recently acquired by Kansas-based Euronet Worldwide, a global financial technology and payments provider.
"Euronet has entrepreneurial spirit and they like what we do and how we do it," said Gary Walston CEO for Dolphin Debit in a phone interview with ATM Marketplace."[The acquisition] gives us resources we didn’t have before. Euronet has a very strong balance sheet and they are publicly traded on NASDAQ. Their capital will help us to continue to grow our business and offer full outsourcing solutions to our customers."
Through the acquisition, Euronet’s available capital, as well as its global and technological experience, will enhance Dolphin’s ATM outsourcing offerings. Clients outsourcing ATM services through Dolphin Debit will have access to advanced product offerings such as mobile banking, digital wallets, and digital content distribution.
"ATM outsourcing in the United States historically has been limited to cash dispense and deposit transactions without any advanced processing services available," said Michael J. Brown, Euronet’s chairman and CEO in a company release. "Euronet can now offer more to these customers with our technical abilities to process any transaction – digital or cash – worldwide. These are the services banks in the U.S. are increasingly being asked for by mobile-savvy customers and we will be in an excellent position to elevate the technical profile and product portfolio of any bank through our outsourcing services with Dolphin."
"This is a very capital-intensive business so having Euronet and their financial strength behind us will allow us to grow our business," said Walston."Euronet has a very substantial portfolio across Europe and Asia and how they have grown their ATM network is really like our road map and what we were working toward. [The acquisition] really helps speed up that process. Delivering added feature functionality using Euronet’s technology will give us the opportunity to win more business."
Included In This Story
Euronet Software Solutions
We move money in all the ways the world depends upon
Euronet Software Solutions, a division of Euronet Worldwide, is an industry leader in electronic transaction processing, providing solutions to financial institutions, retailers, service providers and consumers. Our solutions include Real-time Payment Hubs, ATM Fleet Management, as well as Credit, Debit, & Prepaid Card and Merchant Management.
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