Euronet’s Transact subsidiary signs three leading drugstore chains in Germany for e-top-up solutions
LEAWOOD, KANSAS and MUNICH, GERMANY—October 21, 2005:
Euronet Worldwide’s (Nasdaq: EEFT) subsidiary, Transact, today announced the introduction of electronic top-up (e-top-up) services at the retail stores of Rossmann, Müller and dm-drogeriemarkt, three of the largest drugstore chains in Germany. Transact’s e-top-up services will be available at a combined total of 2,700 retail stores of the three drugstore companies.
Rossmann, Müller and dm-drogeriemarkt rank among the top five most successful drugstore retail chains in Germany. The prepaid service agreements with each of the three leading drugstore chains enables them to offer Transact’s convenient e-top-up service to their customers at a number of their respective retail stores across Germany. Additionally, a majority of these retail stores will offer Transact’s e-top-up service via electronic cash registers. This is the first time Rossmann, Müller and dm-drogeriemarkt are offering electronic prepaid mobile products at their stores.
“The decision of the drugstore chains – Rossmann, Müller and dm-drogeriemarkt, to partner with Transact to introduce our convenient and secure direct top-up solutions at their retail stores underlines the popularity of electronic prepaid products in the market. Besides adding greater value to their current product offerings, it enables the leading drugstore chains to meet the growing needs of customers. With these direct agreements, Transact continues to strengthen its position as a leading e-top-up processor in Germany.”
– Michael J. Brown,
Euronet chairman and CEO
Müller is one of Transact’s biggest clients using both its prepaid and payment services. Transact has completed roll out to all Rossman and Müller stores, while the roll out to dm-drogeriemarkt stores is nearly completed. These drugstore chains are considered as the most aggressive retailers in the German market.
Transact, the German market leader in processing electronic purchases of prepaid mobile airtime adds Rossmann, Müller and dm-drogeriemarkt to its extensive client list of major retailers and distributors, such as Lekkerland, DTV, Shell, DEA, Jet, AGIP, ESSO, Total Fina Elf, Kaiser Tenglemann and Karstadt. Transact also has agreements or top-up supply relationships with all of the large mobile service providers in Germany, including Vodafone, T-Mobile, O2, and E-Plus, as well as with a number of virtual mobile service providers, such as debitel and Mobilcom.
About Euronet Worldwide, Inc. & Transact
Euronet Worldwide is an industry leader in providing secure electronic financial transaction solutions. Through its prepaid subsidiaries— Transact, PaySpot, e-pay, Movilcarga, TeleRecarga and ATX (INGEVOUCHER)—Euronet is the world’s largest provider of electronic distribution service, or top-up services, for prepaid mobile airtime. The company has processing centers located in the U.S., Europe and Asia, and processes approximately 28 million electronic top-up transactions per month at more than 208,000 point-of-sale terminals across more than 101,000 retailers in ten countries. Euronet also operates the largest independent pan-European ATM network, and the largest shared ATM network in India. With corporate headquarters in Leawood, Kansas, USA, Euronet serves clients in more than 70 countries. For more information, visit the company’s website at www.euronetworldwide.com.
Transact, a Euronet subsidiary, specializes in payment processing services and software for EFT and prepaid mobile phone transactions on point of sale (POS) terminals, as well as retailer till systems. Additionally, Transact offers a line of proprietary GPRS-based POS terminal products, enabling wireless access in remote locations. For more information, visit the company’s website at www.transact-gmbh.de.
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