On June 19, 2007 Euronet Worldwide announced it has expanded its ATM outsourcing agreement with China Postal Savings Bank for 721 new ATMs. Euronet is already managing 90 ATMs for the Bank via its operations center in Beijing. New ATMs will be deployed in Beijing, Shanghai and the Guangdong province. Euronet China expects to complete the deployment within the next 12 to 18 months.