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HiFX customers love both the rates and the service they receive and the company has a hard-earned reputation for providing excellent value for the money and complete peace of mind.
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With more reviews than any other currency specialist, HiFX has earned a 5-star 'excellent' rating from 5,000+ verified independent Trustpilot reviews. Established in 1998, HiFX works with over 80,000 private individuals each year and 6,000 corporate clients worldwide.
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To date, they have transferred in excess of $165 billion.
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and Australasia with a reputation for consistently offering highly competitive, bank-beating exchange rates to both private individuals and businesses alike. HiFX is one of the largest and best known international money transfer specialists in the U.K. For more information, please visit the Company's website at About HiFX With corporate headquarters in Leawood, Kansas, USA, and 53 worldwide offices, Euronet serves clients in approximately 155 countries.
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These services include comprehensive ATM, POS and card outsourcing services, card issuing and merchant acquiring services, software solutions, cash-based and online-initiated consumer-to-consumer and business-to-business money transfer services, and electronic distribution of prepaid mobile phone time and other prepaid products.Įuronet's global payment network is extensive - including 18,558 ATMs, approximately 67,000 EFT POS terminals and a growing portfolio of outsourced debit and credit card services which are under management in 44 countries card software solutions a prepaid processing network of approximately 647,000 POS terminals at approximately 289,000 retailer locations in 34 countries and a consumer-to-consumer money transfer network of approximately 219,000 locations serving 135 countries. The Company offers payment and transaction processing solutions to financial institutions, retailers, service providers and individual consumers.
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With the previous announcement, Euronet expects HiFX will contribute approximately 15 cents to Euronet's annual cash earnings per share in the first full year under Euronet ownership.Įuronet Worldwide is an industry leader in processing secure electronic financial transactions. HiFX, now a wholly owned subsidiary of Euronet, will present its financial results with Euronet's existing money transfer segment. The purchase consideration was comprised of approximately 1.3 million shares of Euronet stock and approximately $185 million in cash, including approximately $78 million of cash on hand and approximately $107 million funded using Euronet's revolving line of credit. Under the terms of the purchase agreement announced on March 10, 2014, Euronet acquired HiFX for approximately £145 million or $242 million. "Their online presence, affordable rates and deep knowledge of foreign exchange markets, combined with our strong bank relationships, global market entry expertise and solid balance sheet will allow us to expand and improve both Ria's and HiFX's product offerings and increase our market share in a fast-growing sector that produces 9.9 billion payment transactions per year." Brown, Euronet's Chairman and Chief Executive Officer. "We are excited to welcome HiFX into the Euronet group of companies," stated Michael J. The acquisition complements Ria, Euronet's existing money transfer business, by expanding its offerings to include online-initiated, account-to-account international payment and foreign exchange services to high-income individuals and small-to-medium sized businesses. (Nasdaq:EEFT), a leading global electronic payments provider and distributor, today announced it has completed the acquisition of U.K.-based HiFX. LEAWOOD, Kan., (GLOBE NEWSWIRE) - Euronet Worldwide, Inc. Euronet Worldwide Completes the Acquisition of HiFX 59.7 KB