logo Euronet. Innova Tax Free

Innova TaxFree

  • Home
  • About Us
  • Tourists
    • Steps to get your VAT refund
    • Locate your refund location
    • Locate stores
    • Tourists Services
      • Refund Calculator
      • Advance Refund
  • Shops
    • Merchant access
      • E-TaxFree
      • INNOVA Partner Portal
        • Spain
        • France
        • Germany
        • Greece
        • The Netherlands
        • Ireland
        • Portugal
      • Retail Services
        • Material and stationery orders
        • POS Integration
        • POS terminal
        • APP Innova
    • Join the Customer Network
  • Contact
  • FAQ
  • Español
  • English
  • City Cash
  • |
  • Web Agent
  • Euronet acquires Innova Tax Free Group and Expands its Merchant Acquiring Offering in Europe

    LEAWOOD, Kan.–(BUSINESS WIRE)– Euronet Worldwide, Inc. (NASDAQ: EEFT), a leading global electronic payments provider, announces the acquisition of INNOVA TAXFREE GROUP (“Innova”), a Madrid, Spain based company specializingin VAT refunds for the international traveler. The acquisition will strengthen and complement Euronet’s Merchant Acquiring offering. Euronet currently provides direct acquiring to merchants in 9 countries in Europe. With Innova, Euronet will offer merchants a three-in-one solution bringing together card processing, multi-currency processing/DCC and VAT refund.

    The combined product offering will leverage the existing assets of the two organizations and offer integrated services to both the merchants and the international traveler. Such offerings will use Euronet’s existing networks and technology to enhance the VAT refund customer journey,from the pre-purchasing information gathering stage to offering innovative methods for consumers to receive their VAT refunds. Innova will soon offer the consumer the opportunity to receive a VAT refund via Euronet’s extensive Independent ATM Network deployed and managed by Euronet in 25 countries in Europe. With Innova, Euronet is poised to take advantage of the prevailing and dynamic macro VAT refund processing trends which are evolving to become more frictionless and increasingly digitalized.

    “We welcome Innova to our organization, and we are looking forward to integrating their Tax Refund product line and services into our Merchant Acquiring Services portfolio. The combined product will add significant value to merchants and international consumers, leverage our global assets and further diversify our offerings. This is an excellent opportunity to expand our product line without dilutive P&L impacts,”stated Mr. Nikos Fountas Euronet’s Executive Vice President and Chief Executive Officer EFT, EMEA Division.

    “We are excited to be part of Euronet Worldwide, a leader in payment processing. This is a major step for our company and we look forward to offering our customers an integrated and innovative offering. Our customers will benefit as we leverage Euronet’s assets and resources, increase our international footprint, and introduce new technologies and approaches that advance the digitization of the tax-free business in European markets,”added Mr. Luciano Ochoa, Founder and CEO of Innova.

    About Innova Tax Free Group

    INNOVA TAXFREE GROUP is a company specializing in VAT refunds for foreign tourists (“Tax Free”). Originally focus on the Spanish market, Innova is present in 10 European countries(Spain, Portugal, United Kingdom, Ireland, France, Italy, Belgium, Turkey, Netherlands, Germany), with more than 400 refund points around the world, including City Cash and Airport locations. The Innova Tax-Free service offers all the administrative and accounting procedures related to VAT refunds to brands and retailers complemented with related marketing and communication services. Innova’s skilled staff and experience have established the company as a valued partner for retailers and an efficient intermediary amongpublic sector administrations and international organizations responsible for promoting and administering “Tax Free” tourism.

    About Euronet Worldwide, Inc.

    Euronet Worldwide is an industry leader in processing secure electronic financial transactions. The Company offers payment and transaction processing solutions to financial institutions, retailers, service providers and individual consumers. These services include comprehensive ATM, POS and card outsourcing services, card issuing and merchant acquiring services, software solutions, cash-based and online-initiated consumer-to-consumer and business-to-business money transfer services, and electronic distribution of prepaid mobile phone time and other prepaid products.

    Euronet’s global payment network is extensive – including 38,358 ATMs, approximately 263,000 EFT POS terminals and a growing portfolio of outsourced debit and credit card services which are under management in 53 countries; card software solutions; a prepaid processing network of approximately 689,000 POS terminals at approximately 326,000 retailer locations in 44 countries; and a global money transfer network of approximately 350,000 locations serving 149 countries. With corporate headquarters in Leawood, Kansas, USA, and 62 worldwide offices, Euronet serves clients in approximately 160 countries. For more information, please visit the Company’s website at www.euronetworldwide.com.

    Contact:
    Euronet Worldwide, Inc.                                                  
    Sean Keenan
    T: 913-327-4200

    New refund point in downtown London
    EPIC The Irish Emigration Museum

    FIND US IN:

    • LinkedIn

    CONTACT US

    Edificio Amura, C/ Cantabria, 2, 3ª planta, 28108 Alcobendas, Madrid
    (+34) 91 523 70 04
    tourists@euronetworldwide.com

    WORK WITH INNOVA TAXFREE

    Work With Us


    Job Openings
    COPYRIGHT © 2022, A EURONET WORLDWIDE COMPANY. Privacy Policy - Cookie Policy
    We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept All”, you consent to the use of ALL the cookies. However, you may visit "Cookie Settings" to provide a controlled consent.
    Cookie SettingsAccept All
    Manage consent

    Privacy Overview

    This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
    Necessary
    Always Enabled
    Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
    CookieDurationDescription
    cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
    cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
    cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
    cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
    cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
    viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
    Functional
    Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
    Performance
    Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
    Analytics
    Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
    Advertisement
    Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
    Others
    Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
    SAVE & ACCEPT