Euronet Forges Ahead with Digital Wallet Expansion Through Citi Alliance

Euronet Worldwide finds itself in the spotlight following the announcement of a pivotal strategic partnership. Its subsidiary, Dandelion Payments, has entered into a collaboration with global banking giant Citi. The alliance is designed to facilitate near-instantaneous payouts directly into digital wallets on a worldwide scale, representing a substantial move in the intensifying race to dominate digital payment infrastructure.

Despite the promising strategic news, Euronet’s shares have recently experienced some turbulence. The stock was last quoted at $88.03, reflecting a decline of 1.6% for the week and a 3.4% drop over the past month. Year-to-date, the equity is down 12.9%. However, taking a longer-term perspective reveals a more positive picture, with the share price having advanced 13.3% over the last three years. The 52-week trading range... Read more...