On February 13, 2024, Euronet Worldwide, Inc. made a groundbreaking announcement regarding its acquisition of Infinitium Holdings Pte. Ltd., a renowned digital payments company headquartered in Singapore. This strategic move is set to revolutionize Euronet’s Ren payments platform by integrating Infinitium’s cutting-edge risk management and payments authentication services, including the highly secure 3D Secure (3DS) technology. The primary objective behind this integration is to fortify protection against consumer fraud and merchant chargebacks in online transactions.
Infinitium has gained widespread recognition for its expertise in providing top-notch risk management and payment authentication services, with a particular focus on combating fraud in eCommerce or “card not present” (CNP) transactions. Their solutions have been meticulously designed to add an extra layer of security, significantly reducing the risk of unauthorized transactions and elevating overall online payment security.
Moreover, Infinitium also offers state-of-the-art omnichannel payment gateway services for merchants and acquirers, facilitating seamless operations across multiple channels. Their extensive clientele includes prominent banks and merchants in various countries such as Singapore, Malaysia, Indonesia, Hong Kong, Brunei, Cambodia, the Philippines, and India.
By joining forces with Infinitium, Euronet aims to capitalize on the combined technologies of both companies to yield substantial synergies. This collaboration will enable them to provide enhanced capabilities and superior offerings to their valued customers, ultimately setting new benchmarks in the financial technology solutions and payments industry.
Euronet Worldwide, Inc.
Updated on: 01/03/2024
Debt to equity ratio: Strong Buy
Price to earnings ratio: Buy
Price to book ratio: Buy
We did not find social sentiment data for this stock
|Analyst / firm
EEFT Stock Analysis: A Slight Dip in Price Momentum on February 13, 2024
On February 13, 2024, EEFT stock displayed a slight dip in price momentum. The stock opened at $105.26, which was $2.10 lower than its previous close. Despite the slight dip in price, EEFT remains in a favorable position, trading near the upper end of its 52-week range. Additionally, trading above its 200-day simple moving average suggests a positive long-term trend for EEFT. However, on this particular day, the stock experienced a price decrease of $0.66 since the market last closed, representing a 0.61% drop. It is worth noting that stock prices are influenced by a multitude of factors, including market sentiment, economic indicators, and company-specific news. Therefore, it is crucial for investors to conduct thorough research and analysis before making any investment decisions. The data provided by CNN Money offers valuable insights into the performance of EEFT stock on February 13, 2024. However, it is important to consider this information in the context of a broader investment strategy and market trends. Investors should always exercise caution and consult with financial advisors to make informed decisions based on their individual risk tolerance and investment goals.
EEFT Stock Performance Remains Steady with 9.8% Revenue Increase and 20.45% Net Income Growth
On February 13, 2024, the stock performance of EEFT (Euronet Worldwide, Inc.) remained steady. EEFT reported a total revenue of $3.69 billion over the past year, with a quarterly revenue of $957.70 million. The company experienced a 9.8% increase in total revenue compared to the previous year. EEFT reported a net income of $283.90 million over the past year, with a quarterly net income of $70.30 million. This indicates a 20.45% increase in net income compared to the previous year. EEFT’s earnings per share (EPS) stood at $5.50 over the past year, with a quarterly EPS of $1.43. This represents a 24.8% increase in EPS since the previous year. EEFT’s steady performance reflects the company’s ability to sustain its financial position and generate value for its shareholders.