Euronet Makes Management Changes at PaySpot and e-pay Australia

Mr. Cregan, who most recently served as the managing director for e-pay Australia, has relocated to the PaySpot headquarters in Leawood, Kan. Gareth Gumbley replaces Cregan as managing director for e-pay Australia and New Zealand. Mr. Cregan was responsible for establishing e-pay as the first prepaid provider in Australia in fall 2000, and led e-pay to gain a majority of the Australian electronic top-up market share in two years. Today, e-pay Australia continues to maintain the majority market share in Australias prepaid sector and has agreements with all the major wireless carriers in addition to several chain stores, such as Woolworths, 7-11, Video EZY, BP and Mobil as well as thousands of independent retailers. Mr. Cregan also led the expansion into New Zealand in 2003, where e-pay also has the majority market share. e-pay was the first prepaid provider in New Zealand and has agreements with all of the countrys major oil companies: Shell, Caltex, Mobil and BP, which are the most popular locations for e-voucher purchases. e-pay also supplies Vodafones company owned stores. Prior to e-pay, Mr. Cregan held sales and channel management roles for Westpac Banking Corporation, Optus Communications Ltd and Mobil Oil Australia Ltd. Mr. Cregan has a bachelors and a masters degree in business from Monash University and has an international business certificate from INSEAD Institute. Gareth Gumbley joined Euronet as managing director for e-pay Australia and New Zealand in November 2004. Prior to joining Euronet, Gareth was CEO of Dialect Solutions (News Corporation Company), a global Internet payments processor, and was responsible for building a global presence for the business with 25 banks in 12 countries. His career spanning 10 years with News Corporation saw him managing the Telecommunications and Software businesses acquired by the group from U.K. to Australia. Gareth is a Member of the Chartered Institute of Management Accountants and a Member of the Australian Institute of Company Directors.