Wednesday, October 12, 2016

EURONET WORLDWIDE ACQUIRES UK-BASED ATM NETWORK, YOURCASH

Adds 5,000 ATMs across the U.K, Netherlands, Belgium and Ireland

LEAWOOD, Kan., Oct 11 (Bernama-GLOBE NEWSWIRE) -- Euronet Worldwide, Inc. (NASDAQ:EEFT), a leading global electronic payments provider, today announced it has completed the acquisition of U.K.-based ATM operator, YourCash Europe Limited. The acquisition includes approximately 5,000 ATMs across the U.K., Netherlands, Belgium and Ireland.

With the addition of YourCash, the combined businesses will operate independent ATM networks in 21 European countries. YourCash provides Euronet with additional experience and resources in key Western European markets and a greater access to retailers - particularly in the U.K. and Netherlands. YourCash will benefit from Euronet's leading ATM processing capabilities, large-scale operational expertise, additional capital for ATM deployments, as well as a best-in-class technology platform which will enable more value-added products on their ATMs and diversify the value propositions to their merchant and bank partners.
http://mrem.bernama.com/viewsm.php?idm=27698

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