NCR Atleos Corporation (NYSE: NATL), a key player focused on expanding self-service financial access for financial institutions, retailers and consumers, announced that it has expanded its ATM network, under the Cashzone brand, into Italy, providing access to cash for both residents and tourists.
Although many more platforms and services are becoming increasingly digital, it is still vital to continue supporting access to cash.
Many people still depend on access to cash to pay for everyday goods and services. As the world becomes even more digital, the need for cash may decrease over time.
However, cash transactions are still necessary at this time because there are a significant number of people globally who are not very tech-savvy and may not be regularly using Fintech apps or other all-digital services.
It’s worth noting that Atleos is reportedly one of the world’s largest independent ATM operators.
This marks the thirteenth country worldwide in which Atleos has “an ATM network presence.”
Italy is a “cash-dependent” country.
With the deployment of this new ATM network, consumers will “be able to withdraw cash at premier retail locations across the country.”
While consumers benefit from the convenience of the network, retailers gain value “from the additional foot traffic and new revenue opportunities.”
Plus, banks can extend their reach and better serve customers “without the burdensome capital expenditure of a new physical branch.”
Diego Navarrete, executive vice president, Global Sales for Atleos said:
“Cash is a common everyday way to pay in Italy, as well as a significant convenience for visitors. With the implementation of this ATM network in Italy, consumers can self-serve with simplicity and ease and retailers can create more profitable, engaging customer experiences. This is another example of the growing momentum of utility ATM networks.”
As noted in the update, Atleos is a firm focused on expanding self-service financial access, with ATM expertise and experience, operational scale “including the independently-owned ATM network, always-on global services and constant innovation.”
Atleos improves operational efficiency for FIs, drives footfall for retailers and enables “digital-first financial self-service experiences for consumers.”
Atleos is headquartered in Atlanta, Georgia, with “approximately 20,000 employees globally.”