The move includes migration to Euronet’s Ren payments processing platform. Credit: Web Stock Gallery/ Shutterstock.

Fintech and payments provider Euronet has entered an agreement to acquire Swedbank‘s ATM assets and offer ATM outsourcing services in Lithuania, Estonia, and Latvia.  

This acquisition will include in-branch and off-branch ATMs, totalling 1,141 machines across the three Baltic countries. 

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

The move also includes migration to Euronet’s Ren payments processing platform, which is scheduled to commence in the fall of 2025, and integration with the bank’s current systems.  

Euronet will retain Swedbank’s ATM branding elements and signage, keeping the bank’s brand displayed throughout the network. 

The acquired ATM assets will be intergrated into Euronet’s independent ATM network IAD, offering additional touchpoints and services for customers. 

Euronet Americas and EMEA EFT Division executive vice president and CEO Nikos Fountas said: “As an important element of our growth strategy, this agreement strengthens our position as a catalyst for ATM consolidation with our superior technology, operational services and wide range of products. Across Europe, our experience enables us to drive a wave of ATM innovations, and we are confident that this trend will further accelerate.  

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Swedbank Baltic Banking acting head Olof Sundblad said: “We expect the transfer of ATM network services to Euronet to speed up the modernisation of our ATM network in Estonia, Latvia and Lithuania, thus bringing our customers added value while keeping the same interface.”  

Euronet’s strategy involves increasing IAD deployment and forming agreements with financial institutions seeking to improve ATM networks, efficiency, and product offerings.