Euronet to Deploy and Operate ATMs for DCB Bank in India.

Business Editors/High-Tech Writers

LEAWOOD, Kan. & MUMBAI, India--(BUSINESS WIRE)--Feb. 17, 2004

Euronet Worldwide, Inc (Nasdaq: EEFT), a leading electronic payments provider, today announced a multiyear ATM outsourcing agreement with Development Credit Bank (DCB), a leading, medium-sized bank in India with a fully computerized network of 66 branches.

DCB currently has 64 ATMs in its network across India in cities including Mumbai, Ahmedabad and Hyderabad. As part of the strategic alliance, Euronet will provide DCB with comprehensive ATM outsourcing and deployment solutions; value-added services, such as mobile top-up; and shared ATM network solutions through Cashnet, the largest national shared ATM network in India, promoted by Euronet Services India Pvt. Ltd.

Initially, Euronet will drive and perform day-to-day management for DCB's 64 ATMs. DCB will deploy an additional 36 ATMs to bring the total ATM network of DCB to 100 by March 31, 2004. In this new innovative outsourcing model for India, the ATMs will be DCB-branded but Euronet-owned as part of Euronet's bank-branded ATM deployment program, which allows banks to deploy ATMs much faster with an attractive monthly operating cost business model.

DCB will also connect its ATMs to Cashnet, the multilateral shared network of ATMs spread across over 200 cities in India. Through the membership of leading banks including IDBI Bank, UTI Bank, Citibank, Standard Chartered Bank and Corporation Bank, which was the first public sector bank to join the network recently, the Cashnet network now includes approximately 2,500 ATMs.

"DCB, since its inception has been at the forefront of adopting the latest technology towards offering the best value-added services to its customers," said Sandeep Mookerjee, Development Credit Bank head - personal finance services. "We have always ensured that the customer remains the focus of all our activities and hence our investment in expansion, development, services and offerings have always been guided through this vision. The strategic alliance with Euronet for outsourcing ATMs and to link them to Cashnet will provide a nationwide network of services to our discerning customers."

As part of the agreement DCB will be able to offer its customers value-added services such as prepaid mobile phones top-up through Euronet's top-up solution. All other value-added services being offered by Euronet such as bill payment will also be extended to DCB customers.

"We welcome DCB as a new member of our Cashnet shared ATM network, and we are pleased that our outsourcing solutions will allow DCB to offer expanded ATM convenience to its discerning customers," said Daniel R. Henry, Euronet Worldwide president and COO. "The innovative outsourcing solutions provided by Euronet in India are a great enabler for medium-sized banks and institutions that want to gain rapid speed to market. The concept of complete outsourcing and deployment of ATMs is picking up in India and DCB has taken the pioneering step in this direction."

About Euronet Worldwide

Euronet Worldwide is an industry leader in providing secure electronic financial transaction solutions. The company offers outsourcing and consulting services, integrated EFT software, network gateways, and electronic top-up services to financial institutions, mobile operators and retailers. These solutions enable our clients' customers to access personal financial information and to perform secure payment transactions--any time, any place. Euronet operates the largest independent pan-European ATM network, and is a leading provider of electronic distribution service, or top-up services, for prepaid mobile airtime. The company has processing centers located in the U.S., Europe and Asia Pacific, and processes electronic top-up transactions at more than 83,000 points of sale across 37,000 retailers in Europe, Australia and the U.S. With corporate headquarters in Leawood, Kansas, USA, and European headquarters in Budapest, Munich and London, Euronet serves clients in more than 60 countries. Visit our web site at www.euronetworldwide.com.

About DCB

Development Credit Bank Limited (DCB) is one of the leading private sector scheduled commercial banks in India having a network of 64 ATMs and 66 state-of-the-art branches and extension counters spread over nine states and two union territories. As of March 31, 2003, DCB's deposit base was INR 3657 Crores and the advances were over INR 2488 Crores.

The bank has recently launched several value-added initiatives and intends to be renowned as one of the country's preferred and profitable retail bank in India, providing a comprehensive suite of world class products for specific market segments in chosen geographies and has initiated a liability and select asset product led strategy, through a mix of both owned and outsourced products and multichannel capability.