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 (NASDAQ: EEFT) is a global company in payments processing and cross-border transactions, with operations organized into EFT Processing, epay and Money Transfer segments. The Euronet news feed on Stock Titan aggregates company announcements, strategic agreements and segment updates that shape the outlook for EEFT stock and its role in the global payments ecosystem.
News about Euronet often covers developments in its ATM and POS acquiring business, money transfer operations and prepaid and branded payments distribution. Recent releases include a definitive agreement to acquire the merchant acquiring business of CrediaBank in Greece, which will merge CrediaBank’s merchant portfolio with Euronet’s existing acquiring activities in the country and extend ATM and card issuing services for the bank. Other updates describe collaborations involving Dandelion, Euronet’s real-time cross-border payments network, with institutions such as Citi and the Commonwealth Bank of Australia to enable near-instant, full-value payments into digital wallets and other endpoints.
Investors and observers can also follow news on technology initiatives, such as Euronet’s decision to use Fireblocks infrastructure to support stablecoin-based treasury and cross-border payment use cases, and Ria Money Transfer’s marketing partnerships, including a multi-year agreement with the Mexican men’s and women’s national soccer teams in the United States. In addition, Euronet regularly issues earnings releases and SEC-related communications that summarize segment performance, network growth and capital markets activity, including convertible note offerings.
By monitoring the EEFT news page, readers can review a continuous record of Euronet’s strategic partnerships, product and network expansions, capital structure decisions and segment-level trends that influence the company’s long-term development in the global payments and money transfer industry.
Euronet Worldwide (NASDAQ: EEFT) will hold a webcast on November 17, 2021, at 9:00 a.m. ET to announce the launch of a new product. The presentation will include remarks from CEO Mike Brown, followed by a Q&A session accessible via phone. Participants should join at least five minutes before the start. A replay will be available for one year on the company’s website. Euronet is a global financial technology solutions provider, operating extensive ATM and POS networks, and offering diverse payment services across 175 countries.
epay has launched a new recurring billing solution for subscription-based products like Microsoft 365 and Xbox Game Pass Ultimate across multiple continents. This platform enables global brands and retailers to generate recurring revenue and simplifies payment processing through epay’s technology. Retailers can connect effortlessly to epay’s tech to access various digital products, enhancing customer purchase options. With established launches in regions including Europe and Asia, epay aims to expand this solution further, responding to the growing trend of subscription-based business models in diverse industries.
Euronet Worldwide reported strong third-quarter 2021 results, with revenues of $816.6 million, up 23% year-over-year. Operating income surged 73% to $114.5 million, while adjusted EBITDA rose 48% to $155.2 million. Net income reached $73.9 million, or $1.37 per share, a significant increase from $40.2 million in 2020. The company anticipates fourth-quarter revenues to align with third-quarter results. Despite a 9% revenue increase in the Money Transfer segment, operating income decreased 21% due to higher costs and FX volatility.
Euronet Worldwide (EEFT) announced it will release its third quarter earnings results on October 21, 2021, before market opening. A conference call to discuss the results will be held at 9:00 a.m. ET the same day. Participants can access the call via webcast or by telephone. Euronet is a leading global provider of financial technology solutions, offering payment processing to various sectors, including financial institutions and retailers. The company operates an extensive global payment network, including over 46,000 ATMs and 490,000 money transfer locations.
Euronet Worldwide (NASDAQ: EEFT) has announced the licensing of its REN payments platform to Marker Trax, enabling a new cashless casino marker management system. This system is designed to enhance transaction processing for both physical and online casinos, tapping into a forecasted $516 billion global gaming market and $150 billion in North America for 2021. The approval from the Nevada Gaming Control Board marks a significant milestone for Marker Trax, with plans for a broader rollout aimed at improving efficiency and customer experience in the gaming sector.
Ria Money Transfer, a segment of Euronet Worldwide (NASDAQ: EEFT), has partnered with Paytm Payments Bank to allow real-time international remittances into Paytm's mobile wallet, impacting approximately 333 million users. This groundbreaking service enables the Indian diaspora to send money instantly through Ria's platforms or over 490,000 retail locations worldwide. The initiative aims to enhance financial inclusion and digital access for Indian families. Ria's direct payment integration with Paytm positions it as a leader in the evolving remittance landscape.
Ria Money Transfer has partnered with Nobel Financial Inc to transition all 117 Nobel agents in the U.S. to the Ria brand. This strategic alliance provides Nobel customers access to Ria's extensive network, including over 4,600 Walmart and 2,100 Kroger locations, and the Ria Money Transfer app for international transactions. Customers can complete transactions in approximately 10 minutes and utilize Ria’s Bill Pay service with over 8,000 billers. The collaboration aims to enhance financial access and service offerings, particularly benefiting the diaspora community.
epay, a segment of Euronet Worldwide (NASDAQ:EEFT), has announced the integration of PayPal QR Code into its point-of-sale solutions, enhancing payment options for brick-and-mortar retailers. This feature is live in Germany and aims to broaden access to 29.1 million active PayPal users in Germany and 400 million worldwide. The QR Code simplifies payment processing, allowing retailers to respond to evolving customer preferences and incorporate various payment methods seamlessly.
Euronet Worldwide (NASDAQ: EEFT) has announced its ENGAGE Payments Solutions and Innovations Conference, scheduled for October 4-5, 2021 in New York City. The conference targets fintechs, retailers, and financial institutions focused on modernization and digital transformation. Key speakers include experts from Amazon Web Services and Google Cloud, discussing cloud services and real-time payments. Notable presentations will also cover leadership skills and innovative payment technologies. Registration is free but limited.
Euronet Worldwide (NASDAQ: EEFT) reported strong second quarter 2021 results, with revenues reaching $714.7 million, a 35% increase from $527.8 million in 2020. Operating income was $30.1 million, compared to a loss of $101.3 million last year. Adjusted EBITDA grew 104% to $74.7 million. Net income was $8.6 million or $0.16 per share, reversing a $115.8 million loss. The company expects third quarter adjusted EBITDA between $135 million and $145 million. Growth was driven by record performance in the Money Transfer and epay segments.
FAQ
What is the current stock price of Euronet Worldwide (EEFT)?
What is the market cap of Euronet Worldwide (EEFT)?
