Euronet completes $242 million purchase of British company

Leawood-based Euronet Worldwide Inc. on Tuesday said it completed its purchase of a British-based online international payments company for $242 million in cash and stock.

HiFX brings to Euronet an international payment service that allows high-income individuals and small and midsized businesses to directly transfer money from one account to another.

It will complement Euronet’s consumer-to-consumer money transfer business called Ria.