EXHIBIT 21.1

                              EURONET SUBSIDIARIES

The subsidiaries of Euronet that are directly or indirectly wholly owned are:

     .    EFT Services Holding B.V., incorporated in the Netherlands

     .    Euronet Banktechnikai Szolgaltato Kft. ("Bank Tech"), incorporated in
          Hungary

     .    Euronet Adminisztracios Szolgaltato Kft. ("Administrative Services")
          (formerly SatComNet), incorporated in Hungary

     .    Bankomat 24/Euronet Sp. z o.o. ("Bankomat"), incorporated in Poland

     .    EFT-Usluge d o.o., incorporated in Croatia

     .    Euronet Services GmbH, incorporated in Germany

     .    EFT Services France SAS, incorporated in France

     .    Euronet Services spol. s.r.o., incorporated in the Czech Republic

     .    Euronet Services SRL, incorporated in Romania

     .    Euronet Services (UK) Limited, incorporated in the United Kingdom

     .    Euronet USA Inc. (formerly Arkansas Systems, Inc.) ("Euronet USA")
          incorporated in Arkansas, United States of America

     .    EFT Processing services LLC ("Dash"), incorporated in Arkansas, United
          States of America

     .    Euronet Holding N.V., incorporated in the Netherlands Antilles (in
          liquidation)

     .    Euronet Eft Services Hellas, incorporated in Greece.

Euronet also has indirect shareholdings in the following companies that are not
wholly owned:

     .    Euronet Sigma Nusantara, incorporated in Indonesia, of which 80% of
          the shares are owned by EFT Services Holdings BV.

     .    CashNet Telecommunications Egypt SAE ("CashNet"), an Egyptian company
          limited by shares, of which 10% of the shares are owned by EFT
          Services Holdings BV.