Euronet Launches B2B Payments Platform Dandelion

Euronet Worldwide, Inc., a provider of electronic payment services, announced yesterday the launch of Dandelion – a a first-of-a-kind cross-border payments platform that modernizes the way fintechs, banks, ERPs and tech platforms can integrate business and consumer cross-border payments into their products.

Dandelion delivers real-time, global connectivity to enable access to new markets as a turnkey solution, eliminating the need for a massive investment of resources and accelerating the time to revenue for the customers of financial platforms. 

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"No one has really focused on effectively connecting all sides of the transaction – the entire end-to-end experience – with a real-time solution. That leaves a huge gap in the payments space," said Michael J. Brown, Chairman and CEO of Euronet. "Most of the new entrants in the payments market focus on the interface and onboarding of end users. And they do a good job of it. But we set out to reimagine cross-border payments from end-to-end. That is where Dandelion fills the void in the cross-border payments world. Dandelion is the platform that financial players have needed to enable rapid global expansion and efficiently process cross-border transactions."

"We've taken our leading C2C money transfer network and enhanced it," said Brown. "But this isn't just about great new technology – it's about the whole package. It took us decades to build the regulatory framework, licenses, global connections, banking relationships and local infrastructure with skilled teams, which, through great technology, can now be consumed as a service – and we know it works, because we use it ourselves."

By Q1, 2022 Dandelion expects to have the ability to deliver real-time payments to countries representing more than 80 percent of the global GDP. Combined with this reach, Dandelion uniquely integrates value-added capabilities including compliance and foreign exchange management.