EEFT
- Euronet Worldwide, Inc.
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Overview
Company Summary
Euronet Worldwide, Inc. (EEFT) is a global provider of electronic payment services, encompassing processing transactions for financial institutions, retailers, service providers, and individual consumers. The company operates through three main segments: Electronic Financial Transactions (EFT), epay, and Money Transfer.
The EFT segment offers services like Automated Teller Machine (ATM) outsourcing, ATM network participation, ATM sales and management, and POS (Point-of-Sale) services. Euronet helps financial institutions and other companies manage their ATM networks, ensuring that they are secure, available, and functioning properly. They also process ATM and POS transactions, allowing consumers to conveniently access their funds and make electronic payments.
The epay segment focuses on providing convenient prepaid mobile top-up, gift cards, digital content, and other related services. Euronet has built an extensive network of retailers, allowing customers to purchase prepaid products and services through various channels such as kiosks, point-of-sale terminals, and online platforms. They also offer software platforms that enable these retailers to manage their prepaid programs effectively. Additionally, epay provides distribution and marketing services for prepaid mobile airtime and other payment products globally.
The Money Transfer segment primarily operates under the brand Ria and offers consumer-to-consumer money transfer services. Ria enables individuals to send and receive funds across borders through their robust network of agents, digital platforms, and self-service kiosks. These services cater to individuals who need to send money to family and friends in different countries, helping them efficiently and securely transfer funds.
Overall, Euronet Worldwide, Inc. acts as a facilitator of electronic payments and financial transactions, serving various sectors including financial institutions, retailers, and consumers. Their wide range of services, including ATM outsourcing, prepaid products distribution, and money transfer services, contribute to making financial transactions more accessible, secure, and convenient for customers around the world.