Euronet Expands ATM Network Into Southeast Asia

Euronet Worldwide Inc. (NASDAQ: EEFT), a leading global financial technology solutions and payments provider, announced today the expansion of its ATM network into Southeast Asia, including installation of the company’s independent ATMs in the Philippines as well as the acquisition of 500 non-branch ATMs from the Bank of the Philippine Islands (BPI).

This announcement is a further manifestation of Euronet’s global expansion to territories outside of Europe with a diversified go-to-market strategy that includes the deployment of the company’s Independent ATM Networks (IAD) followed by strategic agreements with financial institutions for ATM asset purchases and provision of advanced operational services.

The agreement in Southeast Asia follows a series of global ATM expansion initiatives for Euronet such as deploying its IAD in new markets in Europe (Iceland, Lithuania and Montenegro), Northern Africa (Egypt) and forming strategic partnerships in Latin America in addition to enhancements of the company’s footprint in existing markets with the recent acquisition of ATM assets (Bank of Ireland) and providing ATM network participation services to multiple banks (Spain, Italy, Romania and Poland).