Cash Transactions: NCR’s Cashzone Brand, ATM Network Expand into Portugal, Providing Access to Cash

NCR Corporation (NYSE: NCR), an enterprise technology provider, today announced it has successfully expanded its ATM network, under the Cashzone brand name, into Portugal.

There are over 100 Cashzone-branded ATMs “installed in Portugal so far, providing consumers, including those visiting the country, with easier access to cash.” NCR is the world’s largest independent ATM operator. NCR’s Cashzone brand is “present in the UK, Spain, Germany, Ireland and, now, Portugal.”

The combination of Portugal’s high cash usage, branch consolidation and active tourism market “made it an ideal location for Cashzone expansion.” NCR has added ATMs primarily in the tourist-popular regions of the south of Portugal and Lisbon, “with plans to enter new regions in the coming months.” The machines are being “installed in trusted retail locations, such as convenience stores, supermarkets, food and drink outlets, shopping centers, and leisure outlets.”

Stuart Mackinnon, EVP, ATM Group, NCR Banking, said:

“There continues to be a widespread demand from consumers for access to cash, particularly while on holiday. By bringing NCR’s Cashzone-branded ATMs to Portugal, we are enabling visitors to Portugal to interact with an ATM brand they’re familiar with and giving retailers the ability to widen their service offerings and engage with new customers.”

NCR is the UK’s largest independent ATM operator, “delivering reliable and secure cash access to consumers through its Cashzone brand. NCR’s proprietary ATM software and solutions make its ATMs more engaging while delivering exceptional service.”

As covered, NCR Corporation (NYSE: NCR) claims it is “a leader in transforming, connecting and running technology platforms for self-directed banking, stores and restaurants.”

NCR is headquartered in Atlanta, Georgia, “with 35,000 employees globally. NCR is a trademark of NCR Corporation in the United States and other countries.”

As reported last year, NCR Corporation, an enterprise technology provider to banks, retailers and restaurants, announced its Board of Directors has unanimously “approved a plan to separate NCR into two independent, publicly traded companies – one focused on digital commerce, the other on ATMs.”

The separation is “intended to be structured in a tax-free manner and is targeted for the end of 2023.”

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