RIA Financial Services, Cerritos, California, a wholly owned subsidiary of Euronet Worldwide, Inc. (NASDAQ: EEFT), today announced the launch of four new money transfer sending countries in Europe. RIA has launched its money transfer services offering in the Netherlands, Finland, Luxembourg and Cyprus by signing RIA money transfer agents. Additionally, RIA has been able to sign money transfer agents in Germany and France for the first time under its European payment institution license. Previously, RIA only maintained wholly owned stores in France and Germany under local money transfer licenses in each country. Michael Brown, Chairman and Chief Executive Officer of Euronet Worldwide, Inc. stated: This agent expansion in Europe is an important part of our money transfer growth strategy. There are approximately 20 million immigrants in France, seven million immigrants in Germany and three million immigrants in the Netherlands. These are immigrants from Africa, South Asia and Central and Eastern Europe for the most part and we have a competitive, fast, convenient and reliable money transfer offering to serve these consumers. Entering and expanding in new markets and signing, training and rolling out agents who are from the ethnic communities of our consumers to provide RIA money transfer services at numerous convenient locations is critical to our success and we just opened four new important ethnic-rich markets in which to execute that strategy. It was not inexpensive or easy for RIA to obtain its payment institution license or to passport that license to France, Germany, the Netherlands, Finland, Luxembourg and Cyprus. However, this process does allow RIA to substantially expand the distribution of its services to many more convenient locations closer to where our consumers work and live. About Euronet Worldwide, Inc. Euronet Worldwide is an industry leader in processing secure electronic financial transactions. The Company offers payment and transaction processing solutions to financial institutions, mobile operators and retailers which include comprehensive ATM, POS and card outsourcing services; card issuing and merchant acquiring services; software solutions; consumer money transfer and bill payment services; and electronic distribution for prepaid mobile airtime and other prepaid products. Euronet operates and processes transactions from 42 countries.
Euronet’s global payment network is extensive — including 9,336 ATMs, approximately 51,000 EFT POS terminals and a growing portfolio of outsourced debit and credit card services which are under management in 26 countries; card software solutions; a prepaid processing network of approximately 470,000 point-of-sale terminals across approximately 232,000 retailer locations in 20 countries; and a consumer-to-consumer money transfer network of approximately 104,400 locations serving more than 120 countries. With corporate headquarters in Leawood, Kansas, USA, and 36 worldwide offices, Euronet serves clients in approximately 145 countries. For more information, please visit the Company’s Web site at: www.euronetworldwide.com.About RIA Financial Services RIA Financial Services, Euronet Worldwide, Inc. subsidiary company, is the third-largest global money transfer company. It provides global consumer-to-consumer money transfer services through a sending network of agents and Company-owned stores, disbursing money transfers through a worldwide payer network. In addition to money transfers, RIA Financial Services offers consumers bill payment services, prepaid debit cards, check cashing and other financial services. Today our Money Transfer Segment: