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Euronet Worldwide, Inc.’s EEFT Money Transfer unit recently entered into a partnership with the leader in digital payments, Visa Inc. V. The unit includes Ria Money Transfer, Xe and Dandelion.
This collaboration will enable Euronet to integrate Visa Direct into its services, enhancing its reach and expanding its Dandelion network to support real-time payouts to more than 4 billion debit cards. EEFT customers can now transfer money directly to Visa debit cards worldwide within minutes, using only the recipient’s name and card number. The transaction process is secured by Visa’s state-of-the-art payment security protocols alongside Euronet’s rigorous compliance standards, ensuring safety and convenience for both senders and recipients.
The recent collaboration is expected to enhance the digital capabilities of Dandelion, which span more than 3.2 billion mobile wallets, 4 billion bank accounts and 624,000 physical locations in nearly 200 countries and territories.
Moreover, the move of integrating Visa Direct in Euronet’s services to aid the debit cardholders seamlessly and securely transfer money across any corner of the globe seems to be a time-opportune one amid the widespread usage of debit cards for conducting purchases. It will also enable EEFT’s Money Transfer segment to stay aligned with modern payment trends, offering a more comprehensive and agile digital payout infrastructure.
Per the World Bank, more than half of the people aged 15 and above possess a debit card. The Nilson Report projects that global debit and prepaid card purchases are likely to exceed $1.1 trillion by 2029.
Benefits of the Recent Move to Euronet
Dandelion’s enhanced capabilities as a result of the latest initiative are expected to benefit the Money Transfer segment. Dandelion is a premier platform specializing in real-time cross-border payments. It enables seamless transaction processing and settlement for both individuals and businesses, offering diverse payout options such as direct bank deposits, cash pickups and mobile wallet credits. The platform serves as the payment infrastructure behind brands like Xe and Ria, while also supporting a wide network of third-party banks, fintech companies and major technology firms.
Revenues in the Money Transfer unit advanced 9% year over year in the first quarter of 2025. The segment processed transactions of 44.6 million in the quarter, up 10% year over year.
EEFT’s Share Price Performance & Zacks Rank
Shares of Euronet have gained 7.1% year to date against the industry’s 2.7% decline. EEFT currently carries a Zacks Rank #3 (Hold).