News Archives


April 2015

Finabank N.V. Signs Agreement with Euronet Software Solutions
April 02, 2015

LITTLE ROCK, Arkansas, USA, April 2, 2015 - Euronet Software Solutions, a division of leading electronic payments provider Euronet Worldwide, Inc. (NASDAQ:EEFT), today announced that Finabank N.V., located in Suriname, has signed an agreement to implement Euronet's Integrated Transaction Management® (ITM) product suite. The ITM suite will support the bank's card issuing, ATM and POS device driving, merchant relationships and connections to regional gateways ensuring that Finabank's customers can perform transactions anywhere in the world.

These solutions will help Finabank gain efficiencies with a single processing platform and client centric data for more efficient customer service. With Euronet's solutions, Finabank will also have access to technology enhancements such as mobile banking and targeted marketing. The partnering agreement fits Finabank's strategic program to further enhance the efficiency of its banking operations, seamlessly integrate its IT systems and improve its customer experience.

"For more than two decades, Euronet has had a strong presence in South America, particularly in Suriname, and we have repeatedly and successfully delivered reliable and secure electronic payment solutions to that market," said Cindy Ashcraft, Vice President, Euronet Worldwide and Managing Director, Euronet Software Solutions. "We are excited to count Finabank among the many financial institutions to whom we provide competitive banking solutions."

Mr. Eblein Frangie, CEO of Finabank, noted, "Our decision to partner with Euronet is especially timely as Finabank recently expanded its group of shareholders with professional investors and raised more than USD 10 million of additional capital for further growth and professionalization." 

About Finabank N.V. 

Finabank is an independent Surinamese bank established in 1991, with all its operations located in the Republic of Suriname. The bank has a two-tier governance structure and is 100% privately owned by primarily professional shareholders. Finabank delivers a wide range of all standard and also innovative financial services to business and personal customers. Finabank has a direct local presence in Suriname with a total of 3 branches while opening up a 4th branch in July 2015, approximately 110 Point of sale systems and up to 8 ATMs in 2014 increasing to 12 ATMs in 2015. Finabank strategy focuses on securing sustainable profitable growth by optimizing its organization and systems, enhancing customer service within the context of strong corporate social responsibility. Finabank's total assets increased with over 30% annually from approx. USD 75 million in 2010 to approx. USD 170m in 2014. For more information, visit 

About Euronet Software Solutions 

Euronet Software Solutions, a division of Euronet Worldwide, Inc. (NASDAQ: EEFT), is a leading global provider of financial software solutions that power electronic payment and transaction delivery systems to support the business needs of banks and processing services providers. Our solutions have reliably served the worldwide cards, payments and financial services markets for 40 years. We provide a fully integrated suite of solutions for issuing, acquiring, self-service, e-banking and card scheme connections. Our software offerings are designed to increase revenue, reduce expenses, improve security and increase the value of customer relationships. For more information, visit 

Media Contact

Euronet Software Solutions 
Tina Richardson

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