Euronet announced the signing of an agreement with Onnipro. Onnipro will leverage Euronet'sRen payments platform (Ren) to expand its card issuing capabilities to support open-loop card programs and processing through the Visa and Mastercard networks as part of this multi-year agreement. Key Highlights of the Agreement: Strategic Transition: Ren will facilitate the expansion of Onnipro, which issues Elo, a widely accepted domestic card brand in Brazil, from a closed-loop provider to a robust Visa/Mastercard open-loop issuing processor.

This transition will enable Onnipro to offer more versatile and reliable payment options, enhancing its service offerings and competitiveness in the market; Enhanced Market Position: Onnipro's collaboration with Euronet is a strategic move, allowing them to leverage Euronet's extensive network and expertise in the payments industry. This partnership not only enhances Onnipro's market position but also technologically and strategically positions it as one of the leading card issuers in Brazil, capable of meeting the growing demands of the Brazilian and global markets; Card Network Integration Expertise: Ren provides Onnipro with extensive experience with integration and processing through card networks. Ren will seamlessly convert authorization messages to and from Onnipro and the card platforms in a standard format to streamline processing and enhance its products and services.