Euronet Worldwide reports news on a global payments and cross-border transaction business serving financial institutions, merchants, brands and consumers. Updates commonly cover the company's EFT Processing, epay and Money Transfer segments, including ATM and point-of-sale services, merchant acquiring, prepaid and digital content distribution, card processing and money transfer brands such as Ria, AFEX, IME and xe.
Recurring developments include quarterly operating results, digital money transfer growth, payment-infrastructure agreements, REN platform activity, Dandelion network partnerships, stablecoin payout capabilities, common stock repurchases, investor events and board governance changes. News also tracks expansion of merchant services and card-processing relationships within Euronet's global real-time digital and cash payments network.
Euronet Worldwide appointed Michael N. Frumkin to its Board of Directors effective June 9, 2020. Frumkin is the founder of Google's Accelerated Science Team, bringing extensive experience in machine intelligence and software engineering. His prior roles include Chief Technology Officer at Gamechange and software engineer at NeXT and Excite. Euronet aims to leverage his expertise to enhance technology solutions in its operations.
Euronet's subsidiary, Ria Money Transfer, has launched its Ria Money Transfer App in Europe, starting with France and Germany, and planning to expand to 13 countries by June 2020. This launch comes at a critical time during the COVID-19 pandemic, providing customers with a convenient way to send money without leaving home. The app supports transactions across 402,000 locations and over 3 billion bank accounts. Ria aims to offer safe, digital alternatives for money transfers while ensuring the availability of its physical network for an omnichannel experience.
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