Euronet Signs Comprehensive ATM Outsourcing Agreement with Citibank India.

Business Editors

LEAWOOD, Kan. & MUMBAI, India--(BUSINESS WIRE)--April 5, 2004

Euronet Worldwide, Inc. (Nasdaq: EEFT), a leading electronic payments provider, today announced a multiyear ATM outsourcing and deployment agreement with Citibank India in Mumbai.

Euronet will install 100 off-premise ATMs for Citibank in major cities across India over the next six months. Euronet will select the sites, install the ATMs and all related equipment, drive the ATMs from Euronet's operations center in Mumbai and provide all of the day-to-day outsourcing services. These services include comprehensive maintenance, network management and monitoring, security, cash forecasting and replenishment, help desk and full reconciliation and settlement services.

Citibank is a member of Euronet's Cashnet shared ATM network for its existing ATMs and these off-premise ATMs will be added to the network. Cashnet is the largest nationwide ATM shared network in India today with more than 2,800 ATMs.

"Euronet has provided Citibank with a comprehensive outsourcing model, including site selection and asset ownership giving them the flexibility and speed to market they demand," said Anthony Grandidge, Euronet Worldwide vice president and managing director of the Asia Pacific region. "This project expands our existing Cashnet relationship with Citibank and allows the bank to provide comprehensive off premise ATM services to their customers across the country."

"Signing this multiyear outsourcing agreement with Citibank is a strong testament to our long-term commitment to the Indian market," said Daniel R. Henry, Euronet Worldwide president and COO. "We are pleased to be chosen by Citibank to assist them as they grow their market presence in India."

About Euronet Worldwide

Euronet Worldwide is an industry leader in processing secure electronic financial transactions. The company offers outsourcing and consulting services, integrated EFT software, network gateways, and electronic prepaid top-up services to financial institutions, mobile operators and retailers. Euronet operates the largest independent pan-European ATM network and the largest India shared ATM network. Euronet is also the largest provider of prepaid processing, or top-up services, for prepaid mobile airtime. The company has processing centers located in the U.S., Europe and Asia, and processes electronic top-up transactions at more than 126,000 point-of-sale terminals across 59,000 retailers in Europe, Asia Pacific and the U.S. With corporate headquarters in Leawood, Kansas, USA, and 17 worldwide offices, Euronet serves clients in more than 60 countries. Visit the company's web site at www.euronetworldwide.com.