Euronet’s Money Transfer Segment Adds Visa Direct to Expand Its Industry-Leading Dandelion Real-Time Payments Network

Core Insights - Euronet's Money Transfer segment, including Ria Money Transfer, Xe, and Dandelion, has partnered with Visa to enhance digital payout capabilities by integrating Visa Direct, which connects to over 4 billion Visa debit cards [1][5] - The collaboration aims to provide customers with fast and secure money transfer options, allowing funds to be sent within minutes to Visa debit cards by simply providing the recipient's name and card number [4][5] - This partnership is part of a broader trend in the financial services industry, where debit card usage is increasing, with 52.8% of people aged 15 and above holding a debit card, driven by financial inclusion and contactless payment adoption [2] Company Overview - Euronet, founded in 1994, has developed a global real-time digital and cash payments network, offering services in over 200 countries and territories, including money transfers, card processing, and foreign currency exchange [6][7] - The company operates a vast payments network with 55,512 ATMs, approximately 1.2 million EFT POS terminals, and a global money transfer network of around 624,000 locations, connecting to 4 billion bank accounts and 3.2 billion digital wallet accounts [7] - Euronet's mission is to facilitate money movement for consumers and businesses through straightforward and convenient cross-border payment solutions, while maintaining high security standards [5]