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 announce its second quarter 2021 earnings results on July 28, 2021, before market opening. A conference call is scheduled for the same day at 9:00 a.m. ET to discuss these results. The call will be accessible via webcast, and participants are encouraged to register online prior to the event. Euronet is a leading global financial technology provider, offering payment and transaction processing solutions across various platforms, including ATMs and money transfer services, with a global network serving clients in approximately 175 countries.
Euronet Worldwide, Inc. (NASDAQ: EEFT) announced that Bank of the Philippine Islands (BPI) will implement its REN Connect software to join the Instapay real-time payments network. This integration will allow BPI to utilize the ISO 20022 messaging standard, enabling richer data and improved transaction efficiency. Clients will benefit from new features like request to pay and enhanced bill payment services. Euronet's Managing Director for APAC emphasized the company's unique position to support banks' digital transformation, enhancing user experiences.
Ria Money Transfer, a subsidiary of Euronet Worldwide (NASDAQ: EEFT), has launched instant payments in Brazil via the PIX network, facilitating local BRL transfers 24/7. This new service, made possible through a partnership with Banco Rendimento, allows customers to receive funds instantly and at affordable rates, enhancing Ria's Brazilian service portfolio. The PIX system, implemented by Brazil's Central Bank, simplifies the payment process by using a unique PIX key instead of traditional bank account details, improving overall customer experience.
Ria Money Transfer has announced a strategic partnership with Mooney to enhance its international payments distribution in Italy. This collaboration allows Ria to leverage Mooney’s network of approximately 45,000 points of sale, servicing 20 million customers and facilitating over 200 million transactions annually. Customers can now send and receive euros more conveniently at Mooney’s POS terminals. This partnership aligns with Ria's growth strategy, aiming to improve customer experience and financial inclusion across Italy.
Euronet Worldwide (NASDAQ: EEFT) and Prosegur Cash have announced a joint venture to provide comprehensive ATM outsourcing services in Latin America. Euronet will hold a 51% stake while Prosegur Cash will own 49%. The venture will utilize Euronet's advanced payment technologies and ATM management solutions, leveraging Prosegur's established banking relationships and local expertise. With approximately 300,000 ATMs in the region, this partnership aims to capture outsourcing opportunities and deploy independent ATMs, enhancing cash access across Latin America.
Epay, a segment of Euronet Worldwide (NASDAQ:EEFT), has partnered with Revolut, a leading fintech app, to enhance digital gift card and prepaid product offerings across 36 countries. This integration allows users to purchase gift cards from popular brands like Twitch, Ikea, and Nintendo directly through the Revolut app. This innovative collaboration marks Revolut as the first fintech with a cross-category marketplace, aiming to improve user experience and customer retention. Future expansions of marketplace categories, including wellness and fashion, are also planned.
epay, a segment of Euronet Worldwide (NASDAQ: EEFT), has partnered with famehype to enhance global social commerce in the gaming and esports sectors. This collaboration addresses two key issues: connecting game publishers with loyal social media followers and streamlining e-commerce for influencers. The famehype platform enables influencers to sell epay's digital content alongside their merchandise. Following a successful launch in 14 European countries, further expansions are planned in major markets like the U.S., India, and Brazil. The influencer market is on track to grow significantly, reflecting evolving consumer behavior.
Euronet Worldwide, Inc. (EEFT) reported first-quarter 2021 results with revenues of $652.7 million, reflecting a 12% year-over-year increase. However, operating income decreased by 67% to $10.4 million, while adjusted EBITDA dropped 24% to $52.2 million. The company incurred a net loss of $8.7 million, or $0.16 per share, compared to a net income of $1.9 million in Q1 2020. Cash and equivalents stood at $1,145.4 million, with significant ATM cash of $339.9 million. The company anticipates adjusted EBITDA for Q2 2021 to be between $75 million and $85 million.
Euronet USA announced a virtual presentation discussing challenges faced by financial institutions in joining global real-time payment (RTP) networks. Conducted by Forrester Consulting, the study surveyed over 300 banking professionals on barriers to connecting legacy systems to RTP networks, comparing internal resources versus RTP solutions partners, and assessing risks in joining RTP networks. The presentation, titled 'Payments at the Speed of Life,' will take place on April 29, 2021, featuring insights from industry experts. Registration is free, and a recording will be available post-event.
Euronet Worldwide, Inc. (NASDAQ: EEFT) will release its first quarter 2021 earnings results before the market opens on April 29, 2021. A conference call is scheduled for 9:00 a.m. Eastern Time on the same day to discuss the results. Participants can access the conference call via a webcast available on the company's investor relations website. Euronet is a notable financial technology solutions and payments provider, featuring a vast global network of ATMs, POS terminals, and money transfer locations.
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