Euronet Services Inc., which completed an initial public offering March 6, 1997, announced today that cash withdrawal and other transactions by cardholders over its ATM network in Hungary, Poland and Germany reached 548,350 in August, up 15% from 473,784 in July. As previously reported, this follows a 21% increase in transactions from June to July.
Established in 1994, Euronet operates the only independent, non-bank owned ATM network in Central Europe. Through agreements and relationships with local banks, international card issuers and ATM networks such as American Express, VISA, Plus, MasterCard, Europay and Cirrus, Euronet’s ATMs are able to process ATM transactions for holders of credit and debit cards issued by or bearing the logos of such banks and card issuing organizations. In addition, Euronet offers outsourced ATM management services to local banks that own proprietary ATMs.
The Euronet network now includes 456 installed ATMs, up from 412 as of Euronet’s last public announcement on August 4.Details