CoreCard Acquisition
Euronet announced the acquisition of CoreCard, a leading credit card processing platform, which will expand Euronet's capabilities in the digital payments space.
Record Second Quarter Performance
Euronet delivered revenue of $1.1 billion, operating income of $159 million, and adjusted EBITDA of $206 million. The Money Transfer segment showed constant currency operating income growth of 33%.
Significant Ren Deal
Euronet signed a major deal with one of the top 3 largest U.S. banks, showcasing the strength and capability of their Ren platform.
Strong Money Transfer Growth
Money Transfer segment achieved 33% growth in operating income, with digital transactions growing by 29% year-over-year.
Positive Digital Transformation
Euronet reported that 70% of epay transactions are now 100% digital, highlighting a successful shift towards digital offerings.