The company said this authorization covers a broad range of services, including ATM and POS transaction acquiring and will allow Euronet to apply for direct membership with the major card schemes.
Upon receipt of this authorization, Euronet applied for and received membership with the two major card schemes, Visa and MasterCard, for ATM transaction acquiring.
Euronet intends to apply for direct membership with the major card schemes for POS merchant acquiring subject to business opportunities.
EPCS is authorized to issue e-money products and provide payment services in the European Economic Area, which includes European Union member countries plus Iceland, Lichtenstein and Norway and this authorization to provide payment services will allow Euronet to provide acquiring services in 29 European countries.
