Welcome to our dedicated page for Euronet Worldwide news (Ticker: EEFT), a resource for investors and traders seeking the latest updates and insights on Euronet Worldwide stock.
Euronet Worldwide Inc (EEFT) delivers secure electronic payment solutions through its global ATM networks, money transfer services, and prepaid processing platforms. This dedicated news hub provides investors and financial professionals with timely updates on corporate developments shaping the electronic transactions industry.
Access comprehensive coverage of Euronet's strategic initiatives, including financial results, technology innovations, and market expansions. Our curated news collection features official press releases on ATM network growth, cross-border payment solutions, and partnerships with financial institutions worldwide.
Key updates include developments in Euronet's three core segments: EFT Processing infrastructure enhancements, epay digital payment advancements, and Money Transfer service optimizations. Stay informed about regulatory changes, operational milestones, and industry leadership in secure transaction processing.
Bookmark this page for direct access to Euronet's latest announcements. Monitor how the company maintains its position as a critical infrastructure provider in global financial technology through transparent, investor-focused communications.
Ria Money Transfer and Xe, both business segments of Euronet (NASDAQ: EEFT), have announced a strategic collaboration with Google to enhance cross-border money transfer accessibility. The partnership aims to simplify the process for Google users to discover and conduct international money transfers through Ria and Xe's services.
The companies currently support 3.2 billion mobile wallet accounts, 4 billion bank accounts, 4 billion Visa cards, and 624,000 locations across nearly 200 countries. This initiative comes as the global digital remittance market, valued at $23.4 billion in 2024, is projected to grow at a CAGR of 13.5% to reach $83.2 billion by 2034.
Euronet (NASDAQ: EEFT) and PT Jalin Pembayaran Nusantara (Jalin) have been awarded the "Best Retail Payment Technology Initiative in Asia Pacific" at the Asian Banker Global Financial Technology Innovation Awards 2025. The recognition comes for their collaboration in modernizing Indonesia's national payment infrastructure using Euronet's Ren Payments Platform.
A key achievement of this partnership was the consolidation of ATM networks from Indonesia's four state-owned banks (Himbara group) into a single nationwide platform under the ATM Link brand, now operating over 4,500 ATMs. The platform supports various services including interbank ATM transactions, POS and QR code payments, and participation in ASEAN's cross-border QR payment initiative.
The initiative aligns with Indonesia's digital transformation, with Bank Indonesia reporting a 30% year-on-year growth in digital transaction volume in 2024, driven by mobile banking, QRIS usage, and fintech adoption.
Euronet (NASDAQ: EEFT) has announced a strategic partnership with Visa to integrate Visa Direct into its Money Transfer segment, which includes Ria Money Transfer, Xe, and Dandelion. This collaboration expands Dandelion's real-time payments network by adding access to 4 billion Visa debit cards globally.
The integration enhances Euronet's existing network, which already reaches 3.2 billion mobile wallet accounts, 4 billion bank accounts, and 624,000 locations across nearly 200 countries. Customers can now send funds within minutes to Visa debit cards by simply providing the recipient's name and card number, with transactions protected by both Visa's payment security infrastructure and Euronet's compliance framework.
Euronet Worldwide (NASDAQ: EEFT) reported strong Q1 2025 financial results, with notable growth across all segments. The company achieved revenues of $915.5 million, up 7% year-over-year, and operating income of $75.2 million, an 18% increase.
Key highlights include:
- Net income of $38.4 million, or $0.85 diluted EPS
- Adjusted EBITDA of $118.7 million, up 9%
- Adjusted EPS of $1.13 ($1.33 excluding one-time tax charge)
The company's performance was driven by its global payment network focusing on high-value digital payments and cross-border transactions. All three segments - EFT Processing, epay, and Money Transfer - showed positive growth. The Money Transfer segment notably expanded its network to reach 4.0 billion bank accounts and 624,000 payment locations.
Euronet (NASDAQ: EEFT) and Prosegur Cash have launched their Independent ATM Network (IAD) in Peru and the Dominican Republic as part of their joint venture branded as LATM. The initiative is supported by local financial institutions Banco Alfin in Peru and Banco BHD in the Dominican Republic.
The joint venture will deploy state-of-the-art ATMs in strategic locations, particularly in areas frequented by international travelers. The ATMs will feature LATM branding along with respective bank brands in each country. The partnership combines Euronet's Ren payments platform and ATM management services with Prosegur Cash's operational services for cash management and hardware services.
Euronet (NASDAQ: EEFT) has scheduled its first quarter 2025 earnings release and conference call. The company will announce Q1 2025 results before market opening on Thursday, April 24, 2025. A conference call with accompanying slide presentation will follow at 9:00 a.m. Eastern Time on the same day.
Interested participants can access the webcast through the investor relations website at http://ir.euronetworldwide.com. Those wishing to join via telephone must pre-register through the Euronet Worldwide First Quarter 2025 Earnings Call link. A replay of the webcast will be available approximately one hour after the event and remain accessible for one year on the company's investor relations website.
Euronet (NASDAQ: EEFT) reported strong financial results for Q4 and full year 2024. Q4 highlights include revenue of $1,047.3M (9% increase), operating income of $122.7M (26% increase), and adjusted earnings per share of $2.08 (10% increase). Full-year 2024 showed revenues of $3,989.8M (8% increase), operating income of $503.2M (16% increase), and adjusted EPS of $8.61 (15% increase).
The company demonstrated growth across all three segments: EFT Processing delivered double-digit growth driven by international travel and merchant acquiring business; Money Transfer showed strong results with 33% growth in digital transactions; and epay achieved strong performance in digital branded payments and mobile growth.
Looking ahead, Euronet anticipates 2025 adjusted EPS growth of 12% to 16% year-over-year. The company maintains a strong financial position with $1,278.8M in cash and cash equivalents and approximately $1,335M available under revolving credit facilities.
Euronet (NASDAQ: EEFT) has scheduled the release of its fourth quarter and full year 2024 earnings results before market opening on Thursday, February 13, 2025. The company will host a conference call at 9:00 a.m. Eastern Time on the same day to discuss the results.
The conference call and slide show presentation will be accessible via webcast through the investor relations website. Participants wishing to join by telephone must pre-register through the Euronet Worldwide Fourth Quarter 2024 Earnings Call link. A webcast replay will be available approximately one hour after the event and remain accessible for one year on the company's investor relations website.
Ria Money Transfer, a subsidiary of Euronet (NASDAQ: EEFT), has announced a strategic partnership with Tenpay Global, Tencent's cross-border payment platform. The collaboration enables users worldwide to send money from Ria's digital and physical channels directly to Weixin Pay wallets and linked bank accounts in China.
China, one of the top three remittance-receiving countries with inflows of US$50 billion in 2023, will now be accessible through Ria's network of over 595,000 locations across nearly 200 countries. This partnership expands Ria's mobile network reach to 3.1 billion wallet accounts globally, allowing Weixin Pay users in China to receive remittances for various purposes including transfers, top-ups, and shopping.
Euronet Worldwide (NASDAQ: EEFT) has successfully amended and expanded its unsecured revolving credit facility from $1.25 billion to $1.90 billion, extending the maturity date by five years to December 17, 2029. The amended facility includes a $1.685 billion multi-currency tranche and a $215 million USD tranche, with the removal of credit spread adjustment on SOFR and SONIA borrowings. The company secured continued support from existing banking partners and welcomed new ones, aiming to maintain double-digit growth rates and enhance shareholder value.