5
Budapest Bank in Hungary, owned by GE Capital,
renewed a long-term contract with us after the original
contract ended. In addition, our Indonesian-based
Cakra network consolidated its activities in 2000 
and is now expanding its offerings to include ATM out-
sourcing and mobile
replenishment 
transaction processing.
Can you elaborate on
Euronet’s position on
mobile recharge?
I can’t say this enough:
the market for distribu-
tion of prepaid mobile
airtime is huge in
Europe. Right now in
that market there are
more than 300 million
mobile customers and
more than 50% are
prepaid customers. The mobile phone market in Europe
is expected to grow to more than 460 million by 2005.
Prepaid is also the fastest growing segment for mobile
phone operators in the US, and approximately 80% of
all mobile service in Indonesia is prepaid.
Currently, replenishment of prepaid mobile airtime is an
expensive distribution nightmare for mobile operators.
W e offer several electronic payment solutions to mobile
operators that enable their customers to conveniently
add prepaid minutes through one of our various elec-
tronic touchpoints. As more operators in more countries
adopt our recharge solutions, we expect them to make a
strong contribution to our revenue.  
What is Euronet’s mobile banking opportunity?
Euronet’s mobile banking product enables a bank’s 
customers to gain full access to their accounts.  
In addition, those bank customers can receive instant
messages about their account—such as deposit or 
overdraft notification—on a mobile device. 
I want to emphasize that Euronet’s wireless business 
is not some tangent we’re taking that will stretch our
resources. This opportunity is simply opening up another
customer touchpoint where we can drive transactions.
It’s fully integrated with our other electronic touch-
points, such as ATM, Internet and POS devices, and
allows us to offer a comprehensive set of electronic 
solutions to financial institutions. It’s extremely 
exciting, and it’s going to be very powerful.
What industry trends interest you the most?
As an electronic payments processor and outsource
provider to banks and mobile operators, we see four
major trends driving the growth of our business. One is
the tremendous growth worldwide in electronic financial
transactions, particularly in emerging markets that are
going from cash-based to electronic payments. Two,
increased bank consolidation in Europe is creating more
ATM outsourcing opportunities. Three, we see a contin-
uing market for off-premise convenience ATMs in retail
locations. Four, a whole new customer base of mobile
phone operators is creating another electronic payment
bridge to generate transactions.
What is your outlook for Euronet Worldwide?
I have never been as excited about our potential since
we started this company. The world is changing around
us, and Euronet is uniquely positioned to provide the
secure, integrated solutions that meet the growing
demand.  Our core business is now at a point where it is
essentially meeting its cash needs through its recurring
revenue stream.  Our core transaction business grew
39% last year. Now that we’ve hit a critical mass, we
have more opportunities to pursue with bank and mobile
operator markets, and we continue to build on recurring 
revenue generated by our transaction-processing engine. 
W e remain committed to our core business of ATM 
and POS outsourcing, as well as electronic bill payment
solutions. W e will continue to promote our unique 
capabilities to banks worldwide so that their customers
can realize direct, secure connections through wireless
and Internet banking. And, we will continuously 
evaluate new technology and market opportunities, 
such as mobile operator payment solutions, that help
achieve our goal of increasing transactions.  Euronet
Worldwide is ready to capitalize on this fast-paced,
ever-changing world.  
So, let me ask you, how would you like your 
next transaction…