Euronet Signs ATM Outsourcing Agreement with ING Vysya Bank in India

Euronet will select the sites, purchase and install the ATMs and Kiosks and all related equipment, drive the ATMs and Kiosks from Euronets 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. Euronet will also provide National Financial Switch (NFS) and Visa gateway services to the bank. ING Vysya is the first bank in India to introduce the concept of Self Bank sites. The decision is part of the banks strategic initiatives and was also based on the tremendous success of the Self Bank concept in Romania introduced a year ago by ING. A Self Bank site allows customers to perform their banking activities with no restrictions attached, any time. Each Self Bank site deployed by Euronet for ING Vysya Bank will include an ATM, a self-service kiosk and a sales area, where officials of ING Financial Services would be seated. The ATM and kiosk offer any time self-banking services to customers, while the sales area enables the banks employees to sell financial services during regular office hours. In addition to outsourcing its ATM network, ING Vysya Bank will connect to Cashnet, the largest shared ATM network in India, operated by Euronet with approximately 5,200 ATMs. Euronet will also provide value-added services to the bank in the form of online mobile phone recharge with leading mobile phone operators in India. With the addition of ING Vysya and ABN AMRO (announced on January 3, 2006), both agreements signed in the fourth quarter of 2005, Euronet has ATM outsourcing agreements with five of the six multinational banks operating in the Consumer Banking space in India.