Speaking at Dandelion’s stand on the final day of Sibos Frankfurt 2025, Euronet’s Money Transfer Segment CEO, Bianchi, said Dandelion, a Euronet Worldwide, Inc. company, operates a “network built over 30 years” now covering 3.2 billion mobile wallets, 626,000 cash points and 4.1 billion bank accounts. It packages this infrastructure as a wholesale service to banks needing efficient, transparent and secure cross-border payouts. Servicing banks, not competing with them “Our priorities here are to deepen relationships with existing customers and introduce our offering to the wider banking ecosystem,” Bianchi said. Dandelion’s value proposition is to augment capabilities where banks need access to markets and payment methods outside the established correspondent network. He explained that many banks want to reach emerging markets but cannot justify building their own distribution. “We let them tap into our network and offer new corridors instantly,” he said. Recent partnerships with major banks During Sibos, the company announced additional Bank partnerships with Citibank and Commonwealth Bank of Australia, enabling both to utilize the Dandelion network to move money seamlessly across borders. Bianchi said more announcements are expected as banks seek to expand cross-border reach quickly without building infrastructure from scratch. These partnerships show how wholesale networks can complement rather than compete with banks. Preparing for stablecoins and digital ledgers Bianchi said Dandelion is “developing infrastructure and technology to continue to move the agenda forward when it comes to stablecoins,” especially as new legislation such as the “Genius Act” makes participation by regulated institutions more viable. He sees an important initial application in streamlining settlement, where blockchain can speed up correspondent payments across the 123 currencies that Dandelion currently supports. He distinguished between retail and wholesale applications, noting that banks are likely to use tokenized deposits and stablecoins for corporate and treasury flows before any retail mass adoption. Managing FX risk in volatile markets Dandelion moves $75 billion annually cross-border, the majority to exotic currencies in developing economies. Given its strong buying power, Dandelion is able to offer very competitive rates to our banking partners. A dedicated treasury and foreign exchange (FX) management team manages positions to maintain consistent pricing despite geopolitical volatility. Bianchi said this ability to manage exotic currencies is a major draw for banks, especially as emerging markets become bigger trade partners. Payments at “the speed of a text message” Bianchi stressed that businesses and consumers now expect money to move “at the speed of a text message.” Dandelion’s infrastructure-as-a-service is designed to meet that expectation by plugging into banks’ systems and complementing their existing rails. He added that stablecoins, automation and alternative payments channels such as wallets are the “consistent demand” he heard at Sibos. By continuing to invest in these areas, Dandelion aims to help banks deliver faster, cheaper and more transparent payments without having to build or own the underlying network themselves.
