It all started with one ATM installation…

Euronet Worldwide, Inc. was founded in 1994 to bring ATM transaction convenience to the cash-based Central European community. Today Euronet is an industry leader in processing secure electronic financial transactions and serves clients in approximately 165 countries.

From the installation of one ATM, Euronet's products and services have rapidly grown to include comprehensive payment and transaction processing solutions which include ATM and POS operation and management services; credit and debit card outsourcing services; card issuing and merchant acquiring services; integrated transaction software solutions; consumer-to-consumer and account-to-account money transfer and bill payment services; and electronic distribution for prepaid mobile airtime and other prepaid products. Dedicated people, integrated products and global presence continue to serve as the cornerstones of the Company's structure supporting the mission upon which Euronet was founded ‘to deliver electronic financial payment convenience to our customers in emerging and developed markets.

1994

  • Founded in Budapest, Hungary as Bank Access 24 with aim of establishing first independent ATM network in Central and Eastern Europe
  • 1995

  • Installs first ATM in Hungary
  • Approved by Visa® and American Express® to process ATM transactions
  • 1996

  • Launches ATM networks in Poland and Germany
  • Approved by Europe (MasterCard®) to process ATM transactions
  • 1997

  • Completes initial public offering of approximately 6.0 million shares of common stock at $13.50 per share on NASDAQ (EEFT)
  • Signs first ATM outsourcing agreement with Budapest Bank in Hungary
  • Launches offices in Romania and Croatia to implement signed outsourcing agreements
  • 1998

  • Continues European expansion by signing outsourcing agreements in the United Kingdom, Czech Republic and France
  • Installs ATMs in the United Kingdom
  • Acquires Arkansas Systems, Inc.® (ARKSYS), leading developer of integrated transaction software based in Little Rock, Arkansas, USA
  • 1999

  • Launches mobile recharge on ATMs and mobile banking products for bank customers
  • 2000

  • Enters Asian market by launching operations in Indonesia to service a shared ATM network owned by three local banks
  • Sets-up ATM outsourcing operations in Greece
  • Changes name to Euronet Worldwide, Inc. to reflect global presence
  • 2001

  • Forms Cashnet™, joint venture to develop and operate an electronic funds transfer network for banks and card issuers in Egypt
  • 2002

  • Launches prepaid recharge services program PaySpot in the United States
  • Enters India with ATM outsourcing agreement
  • Forms EuroPlanet d.o.o. Beograd, joint venture to provide electronic funds transfer services for banks and card issuers in Serbia
  • 2003

  • Sells ATM network in the United Kingdom and simultaneously signs five-year ATM outsourcing agreement with the buyer
  • Launches processing services for prepaid products, primarily prepaid mobile airtime, by acquiring e-pay Ltd. in the United Kingdom, Australia and Malaysia
  • Launches Cashnet, India's first and now largest nationwide shared ATM network
  • e-pay expands prepaid business into New Zealand, Poland and Ireland
  • Acquires transact GmbH, prepaid and payments processor in Germany
  • Expands PaySpot, U.S. prepaid brand, by acquiring five prepaid companies from 2003 to 2005
  • 2004

  • Enters Spanish prepaid market with acquisition of MovilCarga
  • Subsequently in 2005, acquires TeleRecarga S.A. in Spain to further strengthen its prepaid market position
  • Acquires 10% ownership stake in ATX Software Ltd., provider of electronic prepaid voucher solutions in Europe, Africa and other regions
  • Subsequently in 2005, increases total ownership stake to 51% to gain controlling share in ATX
  • 2005

  • Launches money transfer and bill payment services with acquisition of Telecomm USA
  • Ranks #34 on FORTUNE's List of 100 Fastest-Growing Companies
  • Acquires Instreamline S.A., Greek company that provides credit/debit card and POS outsourcing services in Greece and the Balkan region
  • Acquires EuroPlanet d.o.o. Beograd, Serbian company that provides debit card, ATM and POS outsourcing services in Serbia, Montenegro and Bosnia & Herzegovina
  • 2006

  • Launches ATM outsourcing operations in China
  • Ranks #36 on FORTUNE's List of 100 Fastest-Growing Companies
  • 2007

  • Acquires prepaid mobile airtime processor Brodos SRL in Romania
  • Ranks #7 on Forbes List of 25 Fastest-Growing Technology Companies
  • Acquires Omega Logic Ltd. and consolidates position as largest electronic payments processor of prepaid mobile airtime top-up services in the United Kingdom
  • Signs first Single Euro Payments Area (SEPA) compliant cross-border merchant acquiring agreement with OMV Refining & Marketing GmbH, leading oil and gas group in Central Europe
  • Completes acquisition of RIA Envia, Inc., third-largest global money transfer company with sending network in North America, the Caribbean, Europe and Asia-Pacific
  • Launches prepaid services in Italy, Europe's largest prepaid market, and India
  • Ranks #28 on Forbes List of 200 Best Small Companies List
  • Processes more than one billion annual payment transactions
  • 2008

    • Ranks #4 on Forbes list of 25 Fastest-Growing Technology Companies
    • Signs prepaid agreement with Aral AG, Germany's largest operator of petrol stations
    • Wins Cards International Global Awards 2008 'Merchant Acquirer of the Year' in recognition for launching first SEPA compliant cross-border merchant acquiring solution in Europe
    • Signs prepaid agreement with Caltex Australia Petroleum Pty Limited, Australia's largest petrol convenience retailer, significantly strengthening prepaid position in the Australian market
    • Launches prepaid in Greece, a market where 10% of the 10 million prepaid subscribers top-up through electronic distribution
    • Enters new money transfer market with the launch of money transfer send operations in Belgium
    • Repurchases $70 million in principal amount of the $140 million in 1.625% convertible debentures, resulting in total debt reduction and an improvement in the Company's debt to adjusted EBITDA ratio
    • Recognizes a non-cash goodwill impairment charge of approximately $220 million due largely to the weakening global economy and significant declines in the stock markets
    • Amends certain covenants in credit agreement, proving sufficient liquidity to meet the likely put of remaining convertible debentures
    • Crosses one billion mark in annual revenues

    2009

    • Launches new global brand identity in the Prepaid Segment – epay!
    • epay Australia subsidiary signs long-term prepaid distribution agreement with Vodafone Australia
    • Launches a wide range of new, innovative non-telecom products including transport payment solutions in Australia, Poland and the UK, digital content distribution for iTunes, online video games, and stored value/gift card solutions in various countries
    • Expands the opportunity for retail channel presence in Europe by obtaining a PSD license (Payment Services Directive) which provides a single regulatory platform to conduct business across the European Union
    • Develops and launches new value added services for ATMs, including Dynamic Currency Conversion which allows customers to be aware of the local currency-equivalent of a foreign currency transaction, and card-less ATM Money Transfer Payouts which allows money transfer recipients to withdraw funds from Euronet ATMs using a unique PIN code
    • Processes approximately 1.5 billion transactions across all three business segments
    • Continues debt reductions through repurchase of remaining 1.625% Convertible Senior Debentures
    • Acquires Mellon Transactions Solutions (MTS) in Serbia, a company that offers card issuing and acquiring solutions to financial institutions in Serbia, Egypt, Cyprus and Albania, and positions Euronet as the leading processor in Serbia.
    • Secures new orders directly from local China Postal Bank provinces, including Postal Hebei, Shanghai and Bejing

    2010

    • Expands into the largest South American market with the acquisition of epay Brazil
    • Renames the former Prepaid Segment to epay, and reintroduces the segment – now one of the largest cash collection networks in the world – under the new name
    • Completes the cross-border OMV project in the EFT segment which includes 3,800 devices in nine countries
    • Drives EFT branding toward “Business Partner” to better leverage expanded product and service capabilities
    • Improves epay value proposition by expanding higher-margin non-mobile products offerings to include Microsoft Office, the first transport product implementation in the U.S. (Florida Turnpike Sunpass) and the German lottery in Berlin and Brandenburg
    • Signs significant long-term agreements with 7-Eleven and Cash Store Financial for money transfer and bill payment services
    • Grows Money Transfer footprint in Europe, launching active service in nine countries
    • Receives credit rating upgrade from Moody’s based upon Euronet’s track record of steady debt reduction, EBITDA growth and stable free cash flow generation

    2011

    • Launches EFT Processing Center in Pakistan. It is the first Institution to obtain PCI-DSS certification which makes Euronet the only Payments Processor in Pakistan to offer Secure Financial Services under guidelines of Payment Card Industry (PCI)
    • Announces the closing of an amended and expanded five-year, $355 million senior secured credit facility with a syndicate of financial institutions.  It replaces a $100 million revolving line of credit and a $126 million term loan maturing April 2012 and April 2014, respectively.
    • Announces authorization the repurchase in privately negotiated transactions of any or all of its $175 million 3.50% Convertible Debentures.  Additionally, the company announced authorization to repurchase up to $100 million or 5 million shares of Euronet Worldwide, Inc. common stock outstanding.
    • Acquires cadooz, Germany's largest full-service provider of vouchers, innovative merchandise and incentive solutions. 
    • Acquires 535 ATMs from Diebold’s cash4you Network.
    • Acquires PayNet, a provider of integrated ATM outsourcing services, card issuing and acquiring and POS merchant servicing solutions to financial institutions in Romania.

    2012

    • Deploys first independent and shared Automated Deposit Terminal Networks in Europe through agreements with banks in Poland and Romania
    • Expands Independent ATM Networks to Spain and Italy, marking the first IAD networks launched without a sponsor bank
    • Expands senior secured credit facility from $275 million to $400 million
    • Acquires ezi-pay, New Zealand's market leader for gift card processing and distribution.

    2013

    • Acquires Pure Commerce, a fast-growing provider of cloud-based financial and payment solutions to banks, acquirers and global retailers around the world.
    • Receives Investment Grade Credit Rating from Standard & Poor's.

    2014

    • Acquires ATM estate of Banca Comerciala Carpatica, doubling independent network in Romania.
    • Amends and Expands Credit Facility from $466 million to $675 million with several more favorable terms, including the extension of the maturity 5 years to April 2019.
    • Walmart Introduces Walmart-2-Walmart domestic money transfer service powered by Ria.
    • Ria unveils all new RiaMoneyTransfer.com
    • Acquires HiFX, a provider of online initiated, account-to-account international payments and foreign exchange services for businesses and high net worth individuals.
    • Successfully issued $402.5 million, 1.5%, convertible notes in October 2014.

    2015

    • Expands Independent ATM Networks to Cyprus, Portugal and the Netherlands.
    • Expanded Independent ATM Network to Malaysia, representing Euronet's first Independent Network in Asia.
    • Acquires leading Malaysian-based money transfer provider IME.
    • Acquires XE, the World's trusted currency authority.
    • Ria wins Walmart Services "Supplier of the Year" for the second consecutive year.

    2016

    • Expands Independent ATM Networks to Ireland.
    • Acquires UK-based ATM Operator, YourCash