Euronet Germany has added R3 Group, a UK-based
provider of financial solutions to its growing ATM contract
portfolio.
Euronet’s contract with R3 group includes the
deployment of 50 ATMs throughout Germany.
Go deeper with GlobalData
The subsidiary of
Euronet Worldwide said the ATMs will be placed in high-traffic
locations. These include the German cities of Frankfurt,
Düsseldorf, Hamburg (Airport and Central Station), Checkpoint
Charlie in Berlin and UK Military Bases in 13 German cities.
R3 Group already provides financial services
to the UK military in Germany.
The ATM deployment contracts are expected to
last three to five years and include between two to five years for
the exclusive provision of ATM devices, operations and
management services.
“The contracts for the deployment of ATMs with
several different strategic partners reflect a growing trend of
banks and financial institutions to outsource the operation and
management of their ATMs,” said Alfred Stettberger, managing
director of Euronet Germany’s EFT division.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData“Because Euronet is the only provider in the
market that can offer Independent ATM Deployment (IAD) and ATM
outsourcing services, we are able to provide financial institutions
with operating efficiencies and cost savings to support this
growing trend.”
Euronet will completely own and operate the
ATMs.
In December,
Euronet partnered with Ikano Bank to provide ATM outsourcing
services in Germany.
