PYMNTS Daily Data Dive: Euronet And YourCash To Advance ATM Networks

There had been no drop in the use of ATMs, in fact, there are more than ever before according to Ron Delnevo, executive director of the ATM Industry Association (ATMIA) in Europe. And, on Monday, the global electronics payments provider Euronet WorldWide announced the acquisition of YourCash Europe Limited along with ATMs located in Belgium, Ireland, the U.K. and the Netherlands. The company will also assume the management of ATM networks in over 20 European countries. YourCash will provide Euronet with ATM processing capabilities, operational expertise, capital and technology for more versatile and diversified ATMS.

Nikos Fountas, Euronet’s EVP and chief executive officer of EFT Europe, said “This is a great opportunity to leverage the benefits that each organization brings to the partnership in order to expand Euronet’s ATM coverage across Europe, create additional value for all of our customers, accelerate revenue growth and achieve market synergies across the businesses.”

Here are the data:

£29 million | The amount generated in revenues by YourCash in 2015; this is expected to be accretive to Euronet’s adjusted cash earnings per share by approximately $0.07–$0.08 in the first full year of operations.

3 million | The approximate number of ATMs installed in Europe, according to Ron Delnevo, executive director of the ATM Industry Association (ATMIA) in Europe.

26,000 | The number of ATMs that Euronet currently operates in 50 countries.

5,000 | The number of ATMs that Euronet Worldwide will gain in Belgium, Ireland, the Netherlands and the U.K.

21 | The number of countries in which the combined companies will operate independent ATM networks