Euronet Worldwide (NASDAQ: EEFT) announced on April 14, 2026 that it has entered into an agreement to acquire PaynoPain, a Spanish fintech that specializes in digital‑first online payment solutions for businesses of all sizes. The deal is intended to broaden Euronet’s merchant‑services presence in Spain and Portugal and to deliver advanced omnichannel payment solutions in global markets.
The financial terms of the transaction have not been disclosed, but the acquisition is positioned to complement Euronet’s existing Ren payments platform and to create a new Merchant Acquiring Center of Excellence in Spain. PaynoPain’s technology and customer base are expected to accelerate Euronet’s digital transformation strategy and to strengthen its cross‑border payment capabilities.
"The acquisition of PaynoPain enhances our ability to deliver scalable, technology‑driven omnichannel payment solutions and further expands our merchant acquiring capabilities in Europe," said Nikos Fountas, EVP and CEO of EFT for EMEA and the Americas. "From day one, our mission has been to help merchants grow through secure, flexible, and truly omnichannel payment experiences. Becoming part of Euronet accelerates that mission, giving us global scale, expanded capabilities, and the opportunity to deliver even greater value to merchants globally. We are excited to combine our digital‑first innovation with Euronet's international reach and trusted payments infrastructure," added Jordi Nebot Carda, CEO and founder of PaynoPain.
Euronet’s recent financial performance provides context for the acquisition. In Q4 2025, the company reported adjusted earnings per share of $2.39, missing consensus estimates of $2.47, while revenue of $1.11 billion met expectations. Operating income fell 18% to $101 million, driven by margin compression despite a 6% revenue increase. The Money Transfer segment, the largest revenue generator, grew 3% in revenue but saw a 1% decline in adjusted EBITDA, reflecting competitive pricing pressure and economic stress among lower‑income consumers. In Q1 2025, revenue rose 7% to $915.5 million, but adjusted EPS fell 12% to $1.13 from $1.28 in Q1 2024, underscoring the impact of headwinds in the Money Transfer and epay segments.
The acquisition is a strategic response to these headwinds. By adding PaynoPain’s digital‑first payment platform, Euronet can diversify its merchant‑acquiring mix, reduce reliance on the more volatile Money Transfer business, and capture growth in the expanding e‑commerce and omnichannel markets in the Iberian Peninsula. The deal also positions Euronet to better serve cross‑border merchants, leveraging PaynoPain’s experience in multiple European markets.
Management remains confident about the company’s trajectory. "Our financial performance came under pressure in this period, particularly in Money Transfer and epay, and is below our historical growth profile and our future expectations for the business. Our strategic focus, and diversified revenue mix position our business for normalized growth this year and beyond," said Michael J. Brown, Chairman and CEO. He added, "We've produced the fifth year in a row of double‑digit earnings growth, and we expect the same thing next year." Euronet has guided for double‑digit adjusted earnings growth in FY 2026, in the range of 10% to 15%, signaling management’s confidence that the acquisition will help sustain long‑term profitability.
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