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Euronet History and Timeline

2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | 1995 | 1994 | All
 
Company History 2006

November  

Euronet announced the signing of a stock purchase agreement to acquire 100% of RIA Envia Inc.'s outstanding common stock. RIA is the third-largest money transfer company in the world by market share. With this acquisition, Euronet will significantly expand its money transfer business. In addition to money transfer, RIA offers bill payment, money order, check cashing and foreign currency exchange services. RIA originates money transfers from 13 countries in North America, the Caribbean, Europe and Asia with delivery to 82 countries worldwide.


October  

Euronet signs a multiyear ATM outsourcing agreement with Corporation Bank in India. Corporation Bank operates the second-largest ATM network among Public Sector Banks in the country. Additionally, Corporation Bank is the first public sector bank signed by Euronet for ATM outsourcing services. The bank is also connected to Cashnet, the largest shared ATM network in India operated by Euronet.

Euronet processed approximately 241 million transactions during the third quarter 2006. 

September  

Euronet was ranked for the second consecutive year by FORTUNE magazine as one of America's 100 fastest-growing companies. Euronet ranked number 36 overall on the list and was among the top four companies in overall sales growth category with an annualized growth rate of 89 percent. FORTUNE's 100 fastest-growing companies list evaluates companies based on profit and sales growth as well as total return for a specific three-year period.


July  

Euronet expands its multiyear ATM outsourcing agreement with Centurion Bank of Punjab (CBOP), a leading private sector bank in India, from 164 ATMs to 408 ATMs in total. Centurion Bank of Punjab (CBOP) was formed from the October 2005 merger of Centurion Bank and Bank of Punjab

Euronet processed approximately 221 million transactions during the second quarter 2006. 

June  

Euronet receives money transfer licenses in Texas, Florida and New Jersey, three of the top six remittance sending states in the U.S. The addition of these three states has further expanded Euronet's money transfer and bill payment market opportunity and the company now has the ability to address approximately 40% of all outbound money transfers sent from the U.S. to Latin America


April  

Euronet processed approximately 200 million transactions during the first quarter 2006.


January  

Euronet signs a multiyear ATM outsourcing and deployment agreement with ABN AMRO Bank, a leading multinational bank in India. With the addition of ABN AMRO Bank (India), Euronet now provides ATM outsourcing services for five out of six multinational banks operating in the Consumer Banking space in India, a remarkable achievement.

Euronet signs a multiyear agreement to provide ATM outsourcing and deployment services to ING Vysya Bank, a premier private sector bank in India. Euronet will deploy 200 Self Bank sites (including ATMs and Kiosks) for the bank in major cities across India. ING Vysya is the first bank in India to introduce the concept of Self Bank sites. A Self Bank site allows customers to perform their banking activities with no restrictions attached, any time.

Euronet enters China with an ATM outsourcing agreement with Postal Savings and Remittance Bureau (PSRB), the fifth largest financial institution in the country. PSRB has approximately 30,000 branches servicing 270 million customers and over 6,000 ATMs. This agreement establishes Euronet as the first and currently the only provider of end-to-end ATM outsourcing services in China. Euronet has set up a data processing center and a local office in Beijing to serve the Chinese market.


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