Today, HiFX is pleased to announce that Euronet Worldwide Inc (NASDAQ: EEFT), a leading global electronic payments provider with a market capitalization of $1.8 billion, has entered into an agreement to acquire the business.
Euronet is a truly global e-payments company and we share many common values.
Their strong balance sheet, existing bank relationships and global market entry expertise give us enormous scale to realise our ambitions for the business and continue to build a global foreign exchange company based on consistent bank beating exchange rates, innovative technology and world-class customer service.
Most importantly for our affiliates and partners, with Euronets backing, we’ll be able to rapidly broaden our product offering, extend our geographic reach and accelerate our investment in technology providing you and your clients with even faster, more cost effective and convenient services.
The Company will continue to be managed by current CEO, Matthew Knowles and once integrated into Euronet Worldwides money transfer business, we expect to retain both the HiFX brand and our 200+ employees worldwide.
We believe with real integrity that this is an exciting development in the HiFX story and that with Euronets balance sheet, we’ll be uniquely positioned to address the growing international needs of both our corporate and private clients wherever they are in the world.
We expect the acquisition, which is subject to customary regulatory approvals and conditions, to complete in the second quarter of the year.
For more information on Euronet Worldwide please visit their website here: www.euronetworldwide.com
In the meantime, thank you for choosing HiFX as your international payments provider. If you have any questions please do not hesitate to contact the Affiliate Services Team on 01753 752740 or e-mail agents@hifx.co.uk.
