PayPal and epay, a unit of
Euronet Worldwide Inc.
) entered into an agreement whereby the latter will provide
digital gift card content through the PayPal Digital Gift Store.
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Euronet's epay maximizes its revenues by providing global prepaid
products with their distribution through network-enabling
services. It delivers innovative solutions such as tailored
electronic payment, for cash collection, a full reporting and
settlement service and also full support to the marketing and
PayPal has a large customer base across U.K., U.S. and Germany.
This will help Euronet's epay to expand its reach to millions of
users in these regions through the proposed partnership. Also,
the company is prudently capitalizing on the digital globally
emerging market of digital gift cards.
The access to Euronet epay's digital gift card content is kept
very simple and user friendly through consumer PayPal accounts to
maximize the sale of the products.
Euronet's epay is linked with several global brands. The global
presence combined with recent launches of several solution
services have helped the company to be recognized as a leader in
the digital gift card technology space.
epay is an important top line growth driver for Euronet. During
the third quarter of 2013, the epay segment reported total
revenues of $182.6 million, which increased 6% year over year.
This announced partnership with PayPal is expected to enhance it
Among other financial service providers,
) entered into a partnership agreement with Isenberg School of
Management's finance department to provide the faculty and
students of the school with strategic resources.
Euronet presently carries a Zacks Rank #1 (Strong Buy). Other
better ranked stocks that are worth considering include
FleetCor Technologies Inc.
American Express Company
). While FleetCor carries the same Zacks Rank as Euronet,
American Express sports a Zacks Rank #2 (Buy).