Euronet Worldwide acquired Paynet Romania

December 7. 2011 Source: MANAGER.RO

Euronet Worldwide acquired Paynet Romania

The intermediary in payments and electronic transactions Euronet Worldwide bought Paynet Romania, the company which offers integrated ATM card processing services and POS services for merchants.
Transaction value was not disclosed.
With 44 employees, Paynet operates 720 ATMs and 1,700 POS terminals in Romania. The company processes approximately 15 million transactions each year and is certified as a provider of Visa and MasterCard. Among Paynet customers are included 13 banks and five non-financial institutions.
According to Euronet Worldwide, Paynet Romania acquisition will generate revenues of $ 3 million in the first year.
The American company has around 2,700 employees and annual revenues of over one billion dollars.


December 6, 2011 Source: FINANCIAL NEWSPAPER

Americans from Euronet came out shopping in Romania: they bought Paynet

"We are confident that we can help our new clients to expand our portfolio of businesses through value-added services with our network-independent access to ATMs, which has  presence points in favorable locations in Romania," said Kevin Caponecchi (pictured), President of Euronet Worldwide.



Wednesday, December 7, 2011 SOURCE: HOTNEWS.RO

American company Euronet Worldwide buys the Romanian payment processor Paynet

American company Euronet Worldwide, Inc. announced the acquisition of Romanian card payment  processor PayNetwork SA (Paynet) and estimated that this company will have revenues of 3$ million in the first year after purchase. Euronet is present in over 40 countries and manages nearly 13,000 ATMs.


December 7, 2011 SOURCE: Wall STREET.RO

Euronet Worldwide bought Smart PayNetwork Bucharest

American company Euronet Worldwide bought the company Smart PayNetwork Bucharest (Paynet), which provides electronic payment services, with annual revenues of nearly 3 million.

Read all articles