Euronet Announces Acquisition Of Infinitium, A Digital Payments Company In Southeast Asia; No Financial Terms Disclosed
Portfolio Pulse from Benzinga Newsdesk
Euronet (NASDAQ:EEFT) has acquired Infinitium, a Singapore-based digital payments and risk management services provider. Infinitium's products, including 3D Secure for reducing online transaction fraud, will be integrated into Euronet's Ren payments platform. This acquisition aims to enhance protection against consumer fraud and merchant chargebacks in online transactions. Infinitium serves major banks and merchants across Asia, and its technology is expected to expand Euronet's market opportunity significantly.
February 13, 2024 | 2:13 pm
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Euronet's acquisition of Infinitium is expected to significantly enhance its Ren payments platform by integrating advanced fraud detection and payment authentication services. This strategic move could expand Euronet's market opportunity and address the growing need for secure online transactions.
The acquisition of Infinitium by Euronet is directly aimed at enhancing the capabilities of its Ren payments platform, particularly in fraud detection and payment authentication, areas of growing concern in the digital payments industry. Given the strategic fit and the potential to tap into new markets and customer segments, this move is likely to be viewed positively by investors, potentially leading to a short-term uptick in EEFT's stock price.
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