Polar Moment assists Euronet in delivering SEPA compliant cross-border processing solution
Euronet is an industry leader in processing secure electronic financial transactions – serving clients in over 130 countries worldwide and processing over one billion payment transactions annually.
The company has an enviable and extensive client base and offers EFT software, network gateways and electronic, prepaid top-up services to financial institutions, mobile operators and retailers across the globe.
In 2007, Euronet signed a long-term agreement with a leading oil and gas group, OMV, to deliver its first SEPA compliant, cross-border transaction processing solution. OMV wished to migrate decentralised acquiring operations across 12 countries into one single, central, SEPA-compliant processing platform. Upon full rollout, the Euronet platform will cover approximately 5,000 POS terminals as well as POS management and fuel card authorisation services.