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MarketScreener Homepage  >  Equities  >  Nasdaq  >  Euronet Worldwide, Inc.    EEFT

EURONET WORLDWIDE, INC.

(EEFT)
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Euronet Worldwide, Inc., Launches Modernization Solution for Mozambique's National Payments Network With the REN™ Foundation

11/02/2020 | 04:30pm EST

LITTLE ROCK, Ark., Nov. 02, 2020 (GLOBE NEWSWIRE) -- Euronet USA, LLC, a division of Euronet Worldwide Inc. (NASDAQ: EEFT), recently launched its REN™ Foundation solution for Banco de Moçambique. Delivered through Sociedade Interbancária de Moçambique (SIMO), the REN™ Foundation modernizes Mozambique's national payment network and will help SIMO offer innovative payment solutions to member banks and their customers.

Rob Brakensiek, Vice President of Implementations and Project Services at Euronet Software Solutions, said about the launch, "The pandemic certainly presented unique challenges to our delivery timeline, primarily in the lost opportunity to be onsite. However, as a global company with decades of implementation of software solutions, Euronet was well prepared to manage this critical project remotely and met our original objectives of going live in 2020."

The REN™ Foundation, a collection of platforms from Euronet’s larger REN™ Ecosystem of payments solutions, is tailored to meet SIMO's needs and supports transaction processing services, connections to major card associations, ATM and POS device driving, and card issuing. The REN™ Foundation will provide member banks with an extensive collection of services, including mobile top-up, bill payments, and digital wallets using traditional payment methods and new and emerging alternative payment technologies.

For more information about REN™ Foundation and how to incrementally modernize your payments solutions, visit https://www.euronetworldwide.com/ren-foundation/

About Euronet Worldwide
Euronet USA, LLC, headquartered in Little Rock, Arkansas, USA, is a wholly owned subsidiary of Euronet Worldwide, Inc., a U.S. based company. Euronet Worldwide is an industry leader in processing secure electronic financial transactions, offering payment and transaction processing solutions to financial institutions, retailers, service providers, and individual consumers. Euronet serves clients in approximately 170 countries. For more information, please visit the Company's website at www.euronetworldwide.com.

Contact
Randall Hula
Euronet USA, LLC
+1-501-218-7266

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© GlobeNewswire 2020
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Financials (USD)
Sales 2020 2 432 M - -
Net income 2020 -48,3 M - -
Net Debt 2020 178 M - -
P/E ratio 2020 -137x
Yield 2020 -
Capitalization 6 450 M 6 450 M -
EV / Sales 2020 2,73x
EV / Sales 2021 2,37x
Nbr of Employees 7 700
Free-Float 79,6%
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Mean consensus BUY
Number of Analysts 10
Average target price 149,89 $
Last Close Price 123,30 $
Spread / Highest target 58,2%
Spread / Average Target 21,6%
Spread / Lowest Target -10,8%
EPS Revisions
Managers and Directors
NameTitle
Michael J. Brown Chairman, President & Chief Executive Officer
Rick L. Weller Chief Financial & Accounting Officer
Martin L. Brückner Chief Technology Officer & Senior Vice President
Thomas A. McDonnell Lead Independent Director
M. Jeannine Strandjord Independent Director
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