Euronet Expands Malaysian Market Presence with the Acquisition of MEPS ATM Terminals from PayNet

Euronet will acquire about 800 ATMs, making it the largest non-bank ATM terminal operator in Malaysia

Press Release

Euronet (NASDAQ: EFFT), a leading global financial technology solutions and payments provider, announced today the completion of the acquisition of the Malaysian Electronic Payment System (MEPS) ATM terminals of Payments Network Malaysia Sdn Bhd (PayNet), the national payments network and central financial infrastructure for Malaysia.
This acquisition enhances Euronet’s role as the largest non-bank operator of ATM terminals in Malaysia.
The integration of this nationwide network of about 800 ATM terminals into Euronet’s existing independent ATM deployer (IAD) network will benefit from Euronet’s industry-leading Ren payments platform.
This expansion ensures secure, reliable 24/7 cash access for millions of customers across Malaysia, strengthening its commitment to serving both urban and rural areas.
Since its inception in 2012, the MEPS ATM network has provided millions of Malaysians in local communities and small businesses with convenient access to cash. Euronet will maintain and expand the IAD network across Malaysia, promoting financial inclusion.
Effective April 1, 2024, the MEPS ATMs have been fully transferred to Euronet. A rebranding exercise to Euronet’s brand will be completed in the next year, during which time the MEPS brand may still be visible at some ATMs.

An image with the logos for Euronet and PayNet
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