Euronet Fortifies Presence in Greece With CrediaBank Deal

Core Insights - Euronet Worldwide, Inc. has signed a definitive agreement to acquire the merchant acquiring business of CrediaBank S.A., the fifth-largest bank in Greece, with the transaction expected to close in Q3 2026, pending regulatory approvals [1][8] Group 1: Transaction Details - The acquisition will integrate CrediaBank's merchant portfolio with Euronet's existing operations in Greece, processing over $22 billion annually and serving more than 240,000 merchants [3][8] - Euronet will provide proprietary technology services to CrediaBank, enhancing cash and card-based acquiring, alternative and online acquiring, and tokenized payment options [2][4] - A new digital wallet will be developed, enabling account-to-account transactions and integrating with Greece's national instant payment system, IRIS [4][8] Group 2: Strategic Benefits - This initiative reflects Euronet's strategy to strengthen its European presence and deliver innovative digital payment solutions amid the shift towards real-time, cardless payment options in Europe [5][6] - The partnership is expected to broaden Euronet's reach through CrediaBank's extensive ATM network and merchant base, likely boosting revenues in the future [6]