Euronet Worldwide, Inc. (Euronet) is one of the leading electronic payments providers. The company offers payment and transaction processing and distribution solutions to financial institutions, retailers, service providers and individual consumers. Euronet’s primary product offerings include comprehensive automated teller machine (ATM), point-of-sale (POS), card outsourcing, card issuing and merchant acquiring services; software solutions; electronic distribution of prepaid mobile airtime and other electronic payment products; foreign exchange services and global money transfer services. The company primarily operates its business through three business segments: EFT processing, epay, and money transfer. Company’s EFT processing segment processes transactions for a network of 37,133 ATMs and approximately 248,000 POS terminals across Europe, the Middle East and Asia Pacific. The epay segment offers distribution and processing of prepaid mobile airtime and other electronic content and payment processing services for various prepaid products, cards and services throughout its worldwide distribution network. Euronet’s money transfer segment offers global consumer-to-consumer money transfer services, primarily under the brand names Ria, AFEX Money Express, and IME, and global account-to-account money transfer services under the brand names HiFX and xe.
For the fiscal year ended December 2017, AFI recorded the revenues of $2,252.4 million, an increase of 15.0% in comparison with the previous year.
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