Euronet Worldwide Inc (EEFT)
Euronet Worldwide Inc (EEFT) is a global provider of electronic payment and financial transaction processing solutions. The company offers services including point-of-sale-transaction processing, ATMs, prepaid card programs, and other digital payment services. Headquartered in the United States, Euronet operates across multiple markets, serving financial institutions, retailers, and consumers worldwide. It is recognized for its extensive network and innovative payment technology solutions.
Company News
Euronet Worldwide plans to issue $850 million in convertible senior notes due in 2030, with a 0.625% interest rate. The company intends to use proceeds to repay existing credit facility borrowings and repurchase approximately $131.3 million of its common stock.
Ria Money Transfer, a segment of Euronet, acquired a 60% majority stake in Kyodai Remittance, a Japanese funds transfer business, to expand its presence in the Asia Pacific region and leverage growing immigrant remittance markets.
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