epay Signs Long-Term Prepaid Processing Agreement for Boost Mobile, Virgin Mobile USA and Assurance Wireless
LEAWOOD, Kansas — September 28, 2011 —epay, a division of Euronet Worldwide, Inc. (NASDAQ: EEFT), a leading global electronic payments provider and distributor, today announced the signing of an exclusive agreement to process prepaid mobile airtime transactions in the independent retail segment for Boost Mobile, Virgin Mobile USA and Assurance Wireless. These no-contract wireless brands are owned by Sprint [NYSE: S]. epay is a worldwide leader in servicing independent retailers and has invested in leading edge technology to support Sprint’s strategy to grow prepaid revenues in this important channel. epay’s strategy has advanced beyond simply processing transactions and evolved into providing needed business solutions for its partners.
epay has developed an array of integrated tools that provide mobile operators with the functionality to:
“epay is committed to bringing the best technology and solutions to its partners,” said Eric Mettemeyer, Managing Director of epay Americas, “and when Sprint decided it needed a single solution for its prepaid independent distribution strategy, we committed the resources to building the tools and processes that would ensure Sprint’s success.”
“We were looking for a financially strong, innovative and long-term partner for our independent distribution strategy, and epay delivered,” said Jeff Auman, Sprint’s Vice President of Replenishment and Base Management. “Sprint is committed to the prepaid mobile market and with epay’s global experience in prepaid airtime distribution, we feel secure that we have aligned ourselves with an industry expert.”
The epay product portfolio includes prepaid mobile top-up, prepaid debit cards, e-wallets, gift cards, digital music and other content, lottery, bill payment and money transfer through its sister company Ria, and transport payment solutions including road tolls and public transport.
epay delivers these products through a worldwide network of approximately 276,000 retailer locations and 588,000 points of sale (POS) across a number of markets including Australia, Austria, Brazil, France, Germany, India, Ireland, Italy, New Zealand, Poland, Romania, Spain, Switzerland, UK and the US. Visit www.epayworldwide.com for more information.
About Euronet Worldwide, Inc.
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