{"id":794415,"date":"2024-12-12T06:03:46","date_gmt":"2024-12-12T11:03:46","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/euronet-signs-agreement-with-swedbank-to-acquire-atm-assets-and-provide-atm-outsourcing-services-in-estonia-lithuania-and-latvia\/"},"modified":"2024-12-12T06:03:46","modified_gmt":"2024-12-12T11:03:46","slug":"euronet-signs-agreement-with-swedbank-to-acquire-atm-assets-and-provide-atm-outsourcing-services-in-estonia-lithuania-and-latvia","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/euronet-signs-agreement-with-swedbank-to-acquire-atm-assets-and-provide-atm-outsourcing-services-in-estonia-lithuania-and-latvia\/","title":{"rendered":"Euronet Signs Agreement with Swedbank to Acquire ATM Assets and Provide ATM Outsourcing Services in Estonia, Lithuania and Latvia"},"content":{"rendered":"
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LEAWOOD, Kan., Dec. 12, 2024 (GLOBE NEWSWIRE) — Euronet (NASDAQ: EEFT), a leading global financial technology solutions and payments provider, announced today an agreement with Swedbank to acquire the bank\u2019s ATM assets and provide ATM outsourcing services in Lithuania, Estonia and Latvia.<\/p>\n

Under the agreement, Euronet will acquire the bank\u2019s in-branch and off-branch ATM assets in the three Baltic countries while ensuring seamless migration to Euronet\u2019s state-of-the-art Ren payments processing platform<\/a> and integration with the bank\u2019s existing systems. The Swedbank ATM network has 1,141 ATMs (373 in Estonia, 362 in Latvia and 406 in Lithuania) and includes cash withdrawal and cash deposit\/recycling ATMs. The migration will start in the fall of 2025.<\/p>\n

The agreement will result in an optimized and more sustainable operation of Swedbank\u2019s ATM fleet, enhancing its ATM footprint with state-of-the-art services for its customers while reducing operational costs and capital expenditures. It also will allow personalized user experiences for the bank\u2019s customers within the same screen flows, transaction sets and look-and-feel to ensure absolute business continuity. In addition, Euronet will maintain Swedbank\u2019s ATM branding elements and signage with the bank\u2019s brand remaining visible throughout the acquired ATM network.<\/p>\n

The agreement safeguards ATM availability and cash accessibility throughout the region. In addition to maintaining the number of the bank\u2019s ATMs, the acquired ATM network will be integrated into Euronet\u2019s independent ATM network (IAD) in the three countries, offering more touchpoints and services for the bank\u2019s customers while ensuring full compliance with future regulatory requirements.<\/p>\n

The announcement expands Euronet\u2019s strong presence in Europe and the company\u2019s attractive ATM value proposition to consumers, businesses and banks powered by Ren<\/a> and Euronet\u2019s operational excellence model that ensures availability, security and high-quality services to its customers.<\/p>\n

\u201cWe are pleased with this agreement with Swedbank in the Baltics region, and we are committed to providing the highest standards of service to the bank and its customers,\u201d said Marek Szafirski, Managing Director Financial Institutions Solutions and Technology, Euronet EFT Division. \u201cOur long-standing experience in bank ATM assets purchasing and ATM outsourcing services delivers real value, and we are excited to experience the appreciation of these services by our partners.\u201d<\/p>\n

\u201cWe expect the transfer of ATM network services to Euronet to speed up the modernization of our ATM network in Estonia, Latvia and Lithuania, thus bringing our customers added value while keeping the same interface,\u201d said Olof Sundblad, Acting Head of Swedbank Baltic Banking.<\/p>\n

The agreement in the Baltics follows a series of global ATM expansion initiatives for Euronet, including recent acquisitions of ATM assets and the provision of ATM network participation services to multiple banks. In addition to enhancing the company\u2019s footprint in existing markets, Euronet\u2019s diversified go-to-market strategy includes expanding the deployment of its IAD, followed by strategic agreements with financial institutions that are reviewing their ATM network deployment plans, seeking operational efficiencies and expanding their product offerings to customers.<\/p>\n

\u201cWe share Swedbank\u2019s aspiration and commitment to provide value at scale to local economies while leveraging new technologies and adopting a forward-looking mindset,\u201d said Nikos Fountas, Executive Vice President and Chief Executive Officer of Euronet Americas and EMEA EFT Division. \u201cAs an important element of our growth strategy, this agreement strengthens our position as a catalyst for ATM consolidation\u00a0with our superior technology, operational services and wide range of products. Across Europe, our experience enables us to drive a wave of ATM innovations, and we are confident that this trend will further accelerate. We have the technology, the resources, the knowledge and a solid value proposition that places us at the forefront of payments innovation.\u201d<\/p>\n

\n About Swedbank <\/strong>\n <\/p>\n

Swedbank is one of the leading banks in the Baltic States and Sweden. The bank is listed on the Stockholm Stock Exchange OMX Nordic Exchange. Swedbank serves over 7 million private customers and over 0.5 million corporate clients and organizations in its four home markets – Sweden, Estonia, Latvia and Lithuania.<\/p>\n

\n About Euronet<\/strong>\n <\/p>\n

Starting in\u00a0Central Europe\u00a0in 1994 and growing to a global real-time digital and cash payments network with millions of touchpoints today,\u00a0Euronet\u00a0now moves money in all the ways consumers and businesses depend upon. This includes money transfers, credit\/debit processing, ATMs, point-of-sale services, branded payments, currency exchange and more. With products and services in more than 200 countries and territories provided through its own brand and branded business segments,\u00a0Euronet\u00a0and its financial technologies and networks make participation in the global economy easier, faster and more secure for everyone.<\/p>\n

A leading global financial technology solutions and payments provider,\u00a0Euronet\u00a0has developed an extensive\u00a0global payment network that includes 55,292 installed ATMs, approximately 949,000 EFT POS terminals and a growing portfolio of outsourced debit and credit card services which are under management in 67 countries; card software solutions; a prepaid processing network of approximately 766,000 POS terminals at approximately 348,000 retailer locations in 64 countries; and a global money transfer network of approximately 595,000 locations serving 198 countries and territories.\u00a0Euronet\u00a0serves clients from its corporate headquarters in\u00a0Leawood,\u00a0Kansas, USA, and 67 worldwide offices. For more information, please visit the company’s website at\u00a0www.euronetworldwide.com<\/a>.<\/p>\n

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Euronet Contact\r\n\r\nStephanie Taylor\r\nDirector of Financial Planning and Investor Relations\r\n+1-913-327-4200<\/pre>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"
LEAWOOD, Kan., Dec. 12, 2024 (GLOBE NEWSWIRE) — Euronet (NASDAQ: EEFT), a leading global financial technology solutions and payments provider, announced today an agreement with Swedbank to acquire the bank\u2019s ATM assets and provide ATM outsourcing services in Lithuania, Estonia and Latvia. Under the agreement, Euronet will acquire the bank\u2019s in-branch and off-branch ATM assets in the three Baltic countries while ensuring seamless migration to Euronet\u2019s state-of-the-art Ren payments processing platform and integration with the bank\u2019s existing systems. The Swedbank ATM network has 1,141 ATMs (373 in Estonia, 362 in Latvia and 406 in Lithuania) and includes cash withdrawal and cash deposit\/recycling ATMs. The migration will start in the fall of 2025. The agreement will result in an optimized and … <\/p>\n
Continue reading “Euronet Signs Agreement with Swedbank to Acquire ATM Assets and Provide ATM Outsourcing Services in Estonia, Lithuania and Latvia”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-794415","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nEuronet Signs Agreement with Swedbank to Acquire ATM Assets and Provide ATM Outsourcing Services in Estonia, Lithuania and Latvia - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/euronet-signs-agreement-with-swedbank-to-acquire-atm-assets-and-provide-atm-outsourcing-services-in-estonia-lithuania-and-latvia\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Euronet Signs Agreement with Swedbank to Acquire ATM Assets and Provide ATM Outsourcing Services in Estonia, Lithuania and Latvia - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"LEAWOOD, Kan., Dec. 12, 2024 (GLOBE NEWSWIRE) — Euronet (NASDAQ: EEFT), a leading global financial technology solutions and payments provider, announced today an agreement with Swedbank to acquire the bank\u2019s ATM assets and provide ATM outsourcing services in Lithuania, Estonia and Latvia. 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Under the agreement, Euronet will acquire the bank\u2019s in-branch and off-branch ATM assets in the three Baltic countries while ensuring seamless migration to Euronet\u2019s state-of-the-art Ren payments processing platform and integration with the bank\u2019s existing systems. The Swedbank ATM network has 1,141 ATMs (373 in Estonia, 362 in Latvia and 406 in Lithuania) and includes cash withdrawal and cash deposit\/recycling ATMs. The migration will start in the fall of 2025. 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