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Euronet Doubles Independent ATM Network In Romania With The Acquisition Of Banca Comerciala Carpatica ATMs

Stocks in this article: EEFT

LEAWOOD, Kan., April 8, 2014 (GLOBE NEWSWIRE) -- Euronet Services SRL, a Romanian subsidiary of Euronet Worldwide, Inc. (Nasdaq:EEFT), announces the acquisition of 200 ATMs from Banca Comercială Carpatica, doubling its current ATM fleet in Romania to 400 devices. The bank has also signed an agreement to participate in Euronet's shared ATM network and a contract for point of sale (POS) acquiring and card issuing services. Euronet is the largest pan-European independent ATM deployer (IAD), with independent networks in 13 countries. Fueled by 20 years of transaction processing experience, extensive infrastructure and market diversity, Euronet provides a market-leading ATM asset purchase value proposition to banks. 

Euronet is the only operator of a shared network in Romania. Including this agreement, five banks now participate in Euronet's shared ATM network which now covers all 41 counties in Romania.   The acquired in-branch ATMs will be co-branded with Euronet, while the off-branch Banca Comercială Carpatica ATMs will be rebranded to Euronet.

"Customers are clear winners in this partnership - through access to a larger network, with no extra costs. This agreement not only doubles the size of the network but also increases the level of service quality, with increased network uptime and best-of-breed ATM locations," stated Johan Gabriels, CEO of Banca Comercială Carpatica. "We are confident that this project will benefit the Romanian market. Together with Euronet - a provider with extensive expertise in the field - we will continue to offer leading solutions in Romania," added Mr. Gabriels.

"Euronet is pleased to expand our relationship with Banca Comercială Carpatica through the first ATM network purchase in Romania. This is a large and growing market and we believe that the purchase of these ATMs will offer the bank and their customers the same benefits our partners in other markets have experienced. We are excited to pioneer this development in Romania and look forward to expanding through similar deals in the future," stated Nikos Fountas, Euronet Executive Vice President and Managing Director, Europe EFT.

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