Euronet Worldwide has acquired German
incentive company cadooz from Palamon Capital Partners.
Cadooz offers a range of loyalty programmes,
including multi-choice gift vouchers and cards that can be redeemed
through retailers, online stores or mobile phone apps.
Go deeper with GlobalData
Access deeper industry intelligence
Experience unmatched clarity with a single platform that combines unique data, AI, and human expertise.
The acquisition is believed to allow
transactions to enable epay, Euronet’s prepaid payment segment, to
expand sales of existing and future digital content through the
3,000 corporate cadooz customers and contribute to Euronet’s annual
cash earnings.
Kevin Caponecchi, president of Euronet
Worldwide said:
“Cadooz complements our core mobile top-up,
prepaid and electronic payments business, giving us the opportunity
to sell cadooz vouchers, rewards and incentive products to our
merchants and retail partners.”
Florian Welsch, current CEO of cadooz will
continue to manage cadooz.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
