Euronet Worldwide's epay division successfully drives global expansion of subscription payment products through its new recurring billing platform
SINGAPORE, Nov. 24, 2021 /PRNewswire/ -- epay, the digital payments processing business segment of global financial technology solutions and payments provider Euronet Worldwide, Inc. (NASDAQ: EEFT), today announced multiple launches for its new recurring billing solution consisting of subscription products for Microsoft 365, Xbox Game Pass Ultimate, and Xbox All Access in North and South America, Europe, Asia and Australia. The new recurring billing platform enables companies and brand partners worldwide to easily offer their digital products with subscription-based pricing while expanding the capabilities of epay's digital content portfolio.
epay's new solution empowers retailers, telcos and brands to generate recurring revenue from products that were previously sold in one transaction while benefiting all participants of the sales channel accordingly:
Simple technical implementation with state-of-the-art API
How the epay recurring billing solution works:
Market launches completed with the recurring billing solution to date include:
Further countries and retailers are already being planned and will be announced when available.
"Subscription-based business models are the future of many companies because they support growth and digital transformation at the same time," said Kevin Caponecchi, Executive VP and CEO, epay, Software and EFT Asia Pacific Division. "The current pioneers from the software, streaming and gaming sectors will soon be joined by a wide range of new providers from beauty, fashion, food and other industries. With our existing connections to over a thousand brands across a wide range of industries and our innovative technology which allows us to distribute products globally through our extensive retailer network, we will soon be able to offer further recurring billing solutions from many more consumer areas. This solution is an important strategic business area that we intend to expand globally."
Companies and brands interested in learning more should talk to their existing epay contact or James Warden, Director of Brand Management and epay Products, at [email protected] or Christina Surth, Director of Asia Business Development at [email protected].
About Euronet Worldwide, Inc.
Euronet's global payment network is extensive - including 47,474 ATMs, approximately 400,000 EFT POS terminals and a growing portfolio of outsourced debit and credit card services which are under management in 62 countries; card software solutions; a prepaid processing network of approximately 739,000 POS terminals at approximately 325,000 retailer locations in 62 countries; and a global money transfer network of approximately 507,000 locations serving 162 countries. With corporate headquarters in Leawood, Kansas, USA, and 66 worldwide offices, Euronet serves clients in approximately 175 countries. For more information, please visit the Company's website at www.euronetworldwide.com.
SOURCE Euronet Worldwide
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