Euronet unit signs prepaid deal in Australia

Euronet Worldwide unit e-pay signed a prepaid agreement with Caltex Australia Petroleum, Australia's largest petrol convenience retailer.

Under the agreement, e-pay will be the recommended supplier of prepaid mobile airtime and other prepaid products to Caltex convenience stores, which are part of Caltex's national service station network.

The signing of Caltex Australia strengthens the position of Euronet's e-pay subsidiary in the electronic prepaid market in Australia.

E-pay anticipates the roll out process to be completed by mid-July to all participating Caltex convenience stores.

Caltex Australia is the largest refiner and marketer of petroleum products in Australia with operations in all states and territories. Their national service station network includes the largest number of convenience stores in Australia.

Caltex convenience stores typically offer a bakery, coffee, hot food/pre-packed foods, an ATM, prepaid products and other convenience items.

'The Caltex agreement is a significant win for us and we're very pleased to have been able to take advantage of shifts in the competitive landscape to secure our prepaid leadership position in Australia,' said Kevin J. Caponecchi, president, Euronet Worldwide.