Germany’s debitel partners with Euronet’s Transact subsidiary for e-top-up solutions
LEAWOOD, KANSAS and MUNICH, GERMANY—November 30, 2004:
Euronet Worldwide’s (Nasdaq: EEFT) subsidiary, Transact, today announced it has signed an agreement with debitel, the third largest provider of mobile-telephony services in Germany to provide electronic top-up services (e-top-up). debitel is Europe’s biggest network-independent telecommunications company.
debitel’s clients can now access Transact’s convenient e-top-up service at more than 4,500 electronic cash registers within debitel`s exclusive sales channels at all retail chain stores, which are subsidiaries of the Metro Group. Prior to the transition to electronic top-up solutions, these sales channels relied on scratch card distribution.
“We fully support the substitution of physical scratch cards in the near future and are pursuing direct top-up solutions to bring more convenient and secure prepaid solutions to our sales channel partners. We chose Transact because their experience and their sophisticated solutions guarantee a fast and cost-efficient implementation of e-top-up at the heterogeneous electronic cash register environment of our partners in Germany.”
– Johannes Daum,
debitel product manager
“debitel’s decision to partner with Transact to transition to the online recharge system, known as Cash & Go, underlines the strong ongoing trend in the prepaid market and Transact’s leading role in this trend. After implementation, Transact will strengthen its leadership in processing prepaid transaction.”
– Jürgen Platt,
Transact managing director
Transact, the German market leader in processing electronic purchases of prepaid mobile airtime, 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 Mobilcom. Transact partners with the major distributors of airtime in Germany, such as Lekkerland, DTV and Telexpress. Transact also has agreements with major retailers, such as Shell, DEA, Jet, AGIP, ESSO, Total Fina Elf, PKN Orlen, and Karstadt.
About Euronet Worldwide, Inc. & Transact
Euronet Worldwide is an industry leader in providing secure electronic financial transaction solutions. Through its prepaid subsidiaries-PaySpot, e-pay, transact and Movilcarga -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 20 million electronic top-up transactions per month at more than 168,000 points of sale across 79,000 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 65 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.
debitel is Europe’s biggest network-independent telecommunications company. They are the third largest provider of mobile-telephony services in Germany. They bundle all the services offered by the network operators and develop new cross-network services, which are unique to debitel.
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