Euronet (EEFT) Boosts Remittance Business with 60% Stake in Kyodai Remittance

Euronet has expanded its presence in the remittance industry by purchasing a 60% stake in Kyodai Remittance. This strategic move aims to enhance Ria's expansion in the Asia Pacific market. Analysts forecast an average target price of $125.63 with an 18.27% upside from the current price of $106.22. The average brokerage recommendation is 1.9, indicating "Outperform" status. GuruFocus estimates a GF Value of $140.67, suggesting a 32.43% upside from the current price.

Euronet (NASDAQ: EEFT) has bolstered its remittance operations in the Asia Pacific region by acquiring a 60% majority stake in Kyodai Remittance. The acquisition, announced on July 24, 2025, is a strategic move to strengthen Ria Money Transfer's footprint in Japan and the broader Asia Pacific market [1].

Kyodai Remittance, operating under the name Kyodai, is a well-established funds transfer business in Japan. The company holds a distinguished Type 1 Funds Transfer Service Provider license, enabling it to process high-value transactions exceeding JPY 1 million (approximately USD $6,800) [1]. This acquisition will allow Ria to expand its network to include 17 Kyodai-owned stores and access over 44,000 ATMs through Japan Post Bank and Lawson Bank locations [1].

The integration of Kyodai's operations into Ria's global network will provide customers with access to more than 624,000 locations, 4 billion bank accounts, and 3.2 billion digital wallets worldwide. This expansion comes at a time when Japan's remittance market is experiencing significant growth, with USD $6.07 billion in personal remittances sent from Japan in 2024 [1].

Analysts have responded positively to the acquisition, forecasting an average target price of $125.63 with an 18.27% upside from the current price of $106.22. The average brokerage recommendation is 1.9, indicating an "Outperform" status [1]. GuruFocus estimates a GF Value of $140.67, suggesting a 32.43% upside from the current price [1].

The acquisition also underscores the long-standing partnership between Ria and Kyodai, which has been in place since 2010. This collaboration has been instrumental in delivering a seamless and integrated customer experience across multiple touchpoints in Japan [1].

In conclusion, Euronet's strategic acquisition of Kyodai Remittance is a significant step in enhancing its remittance operations in the Asia Pacific region. The integration of Kyodai's services into Ria's global network is expected to provide substantial benefits to customers, as well as a significant upside for investors.

References:
[1] https://www.stocktitan.net/news/EEFT/ria-money-transfer-strengthens-asia-pacific-presence-through-1rentqmz5blx.html