Euronet Worldwide Inc Stock Price, News & Analysis

Epay, a segment of Euronet Worldwide (NASDAQ: EEFT), has integrated Alipay+ for in-store cross-border mobile payments at Müller drugstores in Europe. This integration connects Müller with over one billion Alipay+ users and offers access to Asia’s leading digital wallets. The solution enhances payment diversity, allowing retailers to adapt to changing consumer needs without significant costs. Epay's cash register integration enables retailers to offer various payment methods seamlessly.

Alipay+ is designed to improve customer satisfaction by offering preferred payment options, marking a significant step for Müller in addressing its international customer base.

Euronet Worldwide (NASDAQ: EEFT) has entered a strategic partnership with Marker Trax, gaining minority ownership in this fintech firm. Marker Trax is transforming the gaming industry with a digital casino marker system that enhances the user experience across casinos in North America, which are projected to generate over $100 billion in 2022. The partnership aims to leverage Euronet's REN payments platform to facilitate rapid adoption in over 150 casinos and improve operational efficiency. The Marker Trax solution streamlines casino markers into a cashless, regulatory-compliant digital option, increasing convenience and tracking capabilities.

Euronet Worldwide, Inc. (NASDAQ: EEFT) has completed its acquisition of the Piraeus Bank Merchant Acquiring (PBMA) business in Greece, which includes 205,000 POS terminals at 170,000 merchants. This acquisition grants Euronet significant market presence, covering 20% of in-store and 40% of online transactions in Greece. In a long-term partnership with Piraeus Bank, Euronet will enhance service capabilities using its REN payments platform while aiding the bank's operational needs. The Greek market is projected to see its merchant acquiring volume double by 2031, positioning Euronet for substantial growth.

Euronet Worldwide, Inc. (NASDAQ: EEFT) has been added to the Federal Reserve's FedNow Service Provider Showcase, emphasizing its REN payments platform. This platform facilitates real-time payments for financial institutions adopting the FedNow Service, set to launch in 2023. Key offerings include a low-code development environment for banks, digital payment services like bill payments, and access to Euronet’s Dandelion network for cross-border transactions. This strategic move aims to enhance the payment experiences for customers while meeting increasing market demands.

Euronet Worldwide (NASDAQ: EEFT) announced fee waivers on financial services for Ukrainian citizens amid the ongoing conflict. Ukrainian cardholders can withdraw cash from Euronet ATMs in several countries without incurring fees. Additionally, Euronet's Ria Money Transfer will waive sending fees for transfers to Ukraine and Poland until the end of March. The company will also support Save the Children by collecting donations for Ukrainian children affected by the crisis. Euronet emphasizes its commitment to assist those impacted while complying with international economic sanctions.

Euronet Worldwide, Inc. (EEFT) reported fourth quarter 2021 revenues of $811.5 million, marking a 15% increase year-over-year. However, operating income dropped by 42% to $29.0 million. The net loss attributable to Euronet was $3.1 million, translating to a ($0.06) diluted loss per share, contrasting sharply with $70.2 million net income in Q4 2020. For the full year 2021, revenues reached $2,995.5 million, a 21% increase, while adjusted earnings per share rose 31% to $3.69. The company anticipates a return to earnings levels similar to 2019 in 2022.

Euronet Worldwide, Inc. (NASDAQ: EEFT) will announce its fourth quarter and full year 2021 earnings results on February 10, 2022, before market opening. A conference call will be held the same day at 9:00 a.m. ET to discuss the results. Investors can access the call via a webcast and by telephone. Euronet is a global financial technology and payments provider, operating over 47,000 ATMs and 400,000 POS terminals in 62 countries, facilitating efficient payment solutions for diverse clients.

Euronet Worldwide (NASDAQ: EEFT) announced its REN payments platform will modernize Indonesia’s largest state-owned bank switching network, PT Jalin Pembayaran Nusantara. This partnership aims to enhance digital payment solutions, addressing the growing demand as 85% of Southeast Asian consumers adopted cashless payments by early 2021. The project includes cross-border QR code payments and aims for billions in annual transactions as it rolls out over the next year. Jalin's transformation focuses on mitigating fraud and improving transaction efficiency.

Euronet Worldwide (NASDAQ: EEFT) has launched Dandelion, a new cross-border payments platform aimed at modernizing international transactions for fintechs and banks. With global cross-border payments exceeding $155 trillion annually, Dandelion addresses inefficiencies in the traditional payment infrastructure. The platform connects to local payment rails in 162 countries, offering real-time payments, a single integration API, and enhanced transparency. As of Q1 2022, Dandelion projects to process real-time payments representing over 80% of global GDP.