Euronet Expands Presence in China With Tenpay Global Partnership [Yahoo! Finance]
Euronet Worldwide, Inc. (EEFT)
Last euronet worldwide, inc. earnings: 4/28 09:00 pm
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Source: Yahoo! Finance
This partnership will enable users worldwide to send funds from Ria's digital and physical channels seamlessly to Wallet Balances or linked bank accounts in Weixin Pay, China's premier digital wallet. This move bodes well for EEFT's Money Transfer segment, as China is one of the top three global recipients of remittances, recording inflows of $50 billion in 2023, per the World Bank. By collaborating with Tenpay Global, Ria can now leverage the vast Weixin and WeChat ecosystem, significantly expanding its footprint in the Chinese market. This move will also benefit Weixin Pay users, who can leverage Ria's extensive presence in 595,000 plus locations in 200 countries and territories for remittances, top-ups, shopping and transfers. Higher cross-border transactions for EEFT's money transfer segment should result in higher revenues in the future. EEFT's money transfer segment's revenues grew 10% year over year in the third quarter. Strong consumer demand for digital products drove dir
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EEFT
News
- Euronet Worldwide, Inc. (NASDAQ: EEFT) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating.MarketBeat
- epay's first multi-brand gaming gift card from its YouChoose product line now available in UK [Yahoo! Finance]Yahoo! Finance
- epay's first multi-brand gaming gift card from its YouChoose product line now available in UKPR Newswire
- Ria Money Transfer partners with Tenpay Global, enabling digital remittances to Weixin for flexible spending in China [Yahoo! Finance]Yahoo! Finance
- Ria Money Transfer partners with Tenpay Global, enabling digital remittances to Weixin for flexible spending in ChinaGlobeNewswire
EEFT
Earnings
- 10/23/24 - Beat
EEFT
Sec Filings
- 12/19/24 - Form 8-K
- 12/17/24 - Form 8-K
- 12/12/24 - Form 4
- EEFT's page on the SEC website