Euronet signs two large lottery chains in Germany for e-top-up solutions
LEAWOOD, KANSAS and MUNICH, GERMANY-December 7, 2005:
Euronet Worldwide’s (Nasdaq: EEFT) subsidiary, Transact, today announced the introduction of electronic top-up (e-top-up) services at the lottery outlets of Westdeutsche Lotterie GmbH & Co. OHG (WestLotto), the largest German lottery operator and Niedersachsen Lotterie, another leading lottery chain. Transact’s e-top-up services will be available at a combined total of 4,500 outlets of the two lottery chains.
The prepaid service agreements with each of the two lottery chains – WestLotto and Niedersachsen enables them to offer Transact’s convenient e-top-up service to their customers at a majority of their respective lottery outlets across Germany. Transact will offer its e-top-up service on existing lotto terminals at these outlets. WestLotto and Niedersachsen will be among the first lottery chains in Germany to have taken the initiative to offer the popular electronic prepaid mobile products by introducing Transact’s direct top-up products. Transact has started the roll out process to all WestLotto and Niedersachsen outlets and expects to complete the roll out by the end of the year.
“We have successfully signed two large lotto chains in Germany – WestLotto and Niedersachsen— to offer our profitable e-top-up services for the first time at their outlets. Our solutions are best-in-class and allow the lotto chains to offer the new products on their existing terminals and benefit from a new revenue stream with much ease. Additionally, the succession of large prepaid agreements signed by Transact this year alone further strengthens our prepaid market leadership in Germany and we’re very pleased with the efforts of our German team to service the market.”
– Michael J. Brown,
Euronet chairman and CEO
Euronet’s Transact subsidiary, the German market leader in processing electronic purchases of prepaid mobile airtime adds WestLotto and Niedersachsen Lotterie to its extensive client list of major retailers and distributors. The most recent additions announced were Rossmann, Müller and dm-drogeriemarkt, three of the largest drugstore chains in Germany, among several others. Transact also has agreements or top-up supply relationships with all of the large mobile service providers in Germany, as well as with a number of virtual mobile service providers.
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 32 million electronic top-up transactions per month at more than 218,000 point-of-sale terminals across more than 109,000 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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