Euronet Worldwide, Inc.’s (EEFT - Free Report) 's USA division, Euronet USA, Inc recently signed an agreement with Banco de Moçambique to provide a modern national payment network solution for residents in Mozambique. With this deal, Euronet would be responsible for offering advanced software to aid the financial system in Mozambique.
Euronet is best suited for meeting the country’s current and future needs because of the combination of its state-of-the-art technology and above 40 years’ enriched experience in the payments scenario. This new solution will be delivered via Sociedade Interbancária de Moçambique (SIMO), a joint-stock company with an aim to impart impressive interbank electronic banking services. Euronet’s solutions will facilitate transaction processing, forming connections with leading card associations, ATM and POS (Point of Sale) device driving, issuance of cards and also assisting in an array of services that include mobile recharges, bill payments and digital wallets using historical methods or advanced alternative payment technologies. The solution fulfils the present market needs and offers services provided through SIMO network apart from other unique features.
This is yet another addition to the company’s portfolio of bringing proven technology and financial accessibility to the emerging economies. At the moment, its feasible and reliable technical solutions are applied across more than 50 countries. The company has constantly made efforts to provide latest solutions and boost its capabilities.
Shares of this Zacks Rank #3 (Hold) company have rallied 13.4% against its industry’s decrease of 24.3% in a year’s time.
Stocks to Consider
Investors interested in the same industry might take a look at some better-ranked stocks like On Deck Capital, Inc. (ONDK - Free Report) , American Express Company (AXP - Free Report) and Sychrony Finacial (SYF - Free Report) .
On Deck Capital operates as an online platform for small business lending in the United States, Canada and Australia. The company has managed to come up with positive results in three of the preceding four reported quarters, the average beat being 109.47%. The stock sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
American Express provides charge and credit payment card products and travel-related services to consumers and businesses. It managed to pull off average four-quarter earnings surprise of 4.39%. The stock carries a Zacks Rank of 2.
Synchrony Financial operates as a consumer financial services company in the United States. The company has a Zacks Rank #2 (Buy) and delivered average trailing four-quarter positive surprise of 12.31%.
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