Brazil’s Banco Bradesco SA has signed an
agreement with global technology company NCR to widen the ATM
market in Brazil.
Under the preferred ATM provider agreement
between NCR and Banco Bradesco SA’s subsidiary Scopus Tecnologia
Ltd, NCR will provide its services over the next five years.
Scopus will also acquire a 49% equity stake in NCR Manaus
– NCR’s manufacturing and development operations arm in Brazil.
The initial order of 6,000 ATMs will be
deployed at Bradesco’s existing and new branches. Scopus will
provide services support after termination of the warranty
“This agreement reflects our belief in a
strategic alliance with NCR that can deliver the innovation
necessary to meet the Brazilian market’s growing demand for
self-service and enable Scopus to drive significant growth within
its business,” said Candido Leonelli, CEO of Scopus.
The agreement, subject to approval, aims to
roll out 30,000 ATMs in the next five years. A Retail Banking
Research report has revealed that Brazil’s ATM market is expected
to grow by 27% by 2015.