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Euronet Worldwide

Euronet Worldwide is an American provider of global electronic payment services with headquarters in Leawood, Kansas. It offers automated teller machines (ATM), point of sale (POS) services, credit/debit card services, currency exchange and other electronic financial services and payments software. Among others, it provides the prepaid subsidiaries Transact, PaySpot, epay, Movilcarga, TeleRecarga and ATX.

As of 2019, Euronet services 50,000 ATMs and 330,000 EFT point-of-sale terminals across 170 countries.

The company was founded in 1994 by brothers-in-law Dan Henry and Mike Brown and headquartered in Leawood, Kansas. In 1998, Euronet purchased ARKSYS, a computer software company that specialized in electronic payment and transaction delivery systems. On January 23, 2002, Euronet Worldwide announced the formation of a joint venture with Hong Kong-based First Mobile Group Holdings Limited.

In April 2014, Walmart started offering a store-to-store money transfer service, partnering with Euronet's subsidiary Ria Money Transfer. Walmart2Walmart allows shoppers to transfer money to and from 4,000 Walmart stores in the U.S. In 2016, the program was expanded into the global money transfer service market with Walmart2World.

In June 2015, subsidiary Ria Money Transfer entered the Middle East remittance market with the buyout of money transfer provider, IME. In February 2020, Ria opened its first retail store in Singapore, allowing customers to transfer money at foreign exchange rates. In May 2020, Ria announced an expansion of their money transfer mobile app to European customers. In July 2020, OXXO, the largest chain of convenience stores in Latin America, partnered with Euronet’s Ria Money Transfer to begin offering money transferring services within their stores.

In December 2018, Euronet signed an agreement with Mozambique to provide software for the nation's financial system. Under the agreement, Euronet supports transaction processing services, connections to major card associations, ATM and Point of Sale device driving, card issuing, mobile recharge, bill payments, and digital wallets, among other services.

Euronet launched REN Foundation, a program that allows payment processors to add updated payment technology without having to replace existing hardware and software. The program allows banks and other payment service providers to adopt new technologies as they become available. The country of Mozambique switched its entire payment systems to run on Euronet’s REN Foundation program.

In January 2020, Euronet partnered with Standard Chartered to allow international ATM users to pay in their own currency rather than the local currency using a dynamic currency conversion (DCC) service. The ATM service will be provided in countries across Asia Pacific and the Middle East. That same month, Euronet began offering a recurring billing service to allow monthly payments for AppleCare products. Euronet also entered an agreement with AMBER Alert Europe in January 2020 to publish active missing child alerts on ATM screens. The next month, Euronet partnered with Amazon India to provide add-on payment services to Amazon’s mobile wallet platform.

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American-headquartered worldwide provider of electronic payment services
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