EEFT - Euronet Worldwide expands ATM network into Philippines

• Euronet Worldwide ( NASDAQ: EEFT ) on Tuesday announced the expansion of its ATM network into Southeast Asia, with the installation of its independent ATMs in the Philippines and acquisition of 500 non-branch ATMs from the Bank of the Philippine Islands (BPI).
• EEFT will assume full responsibility for managing 300 of the acquired ATMs and integrating them with its IAD in the Philippines, more than doubling its ATM footprint in the country.
• The remaining 200 ATMs will continue to operate under the BPI brand with end-to-end operations outsourced to EEFT.
• BPI customers will not be charged to use these ATMs through a network participation arrangement.
• BPI will continue to own and operate over 2.5K ATMs in the Philippines.

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