Business
Euronet Worldwide’s epay division successfully drives global expansion of subscription payment products through its new recurring billing platform
epay launches its new recurring billing solution in several countries worldwideThe new solution offers subscription-based and buy-now-pay-later payments for
About this update from Euronet Worldwide, Inc.
[{"type":"text","content":"epay launches its new recurring billing solution in several countries worldwideThe new solution offers subscription-based and buy-now-pay-later payments for products such as Microsoft 365, Xbox All Access and Xbox Game Pass Ultimate Easy to implement, the solution requires epay’s global network of retailers, telcos and mobile wallets to make just a single connection to the company’s technology platform to access and distribute the new subscription products LEAWOOD, Kan., Nov. 10, 2021 (GLOBE NEWSWIRE) -- epay, the digital payments processing business segment of global financial technology solutions and payments provider Euronet Worldwide, Inc. (NASDAQ: EEFT), today announced multiple launches for its new recurring billing solution consisting of subscription products for Microsoft 365, Xbox Game Pass Ultimate, and Xbox All Access in North and South America, Europe, Asia and Australia1. The new recurring billing platform enables companies and brand partners worldwide to easily offer their digital products with subscription-based pricing while expanding the capabilities of epay’s digital content portfolio. epay’s new solution empowers retailers, telcos and brands to generate recurring revenue from products that were previously sold in one transaction while benefiting all participants of the sales channel accordingly: Brands with digital products gain access to epay’s global sales channel network partners and their reach to consumers.Channel partners now can utilize epay’s connectivity to its providers and strategic partners such as Microsoft to immediately expand their product portfolio with new attractive subscription products for their customers.Consumers can now purchase subscription-based digital products from their trusted and preferred channel partner and conveniently use them on a smartphone, laptop or PC. Simple technical implementation with state-of-the-art APILeveraging the technologies and APIs of Euronet’s REN payments platform, epay processes digital payments, manages value-added services such as gift cards and mobile top-ups and also distributes its digital content portfolio of many well-known brands through its global retailer network that occupies 739,000 POS. Once the epay interface has been established at the retailer, a channel partner can add additional brands from epay’s portfolio as they become available and o...