Banco Santander has signed an agreement with Diebold Incorporated for the manufacture, delivery and installation of approximately 2,000 new cash dispensers throughout Brazil.
The cash dispensers, part of Diebold Brazil's existing ATM 4500 family, were developed specifically for the Brazilian market and are available only in Brazil, according to a company press release.
"This new agreement demonstrates the strength of our partnership with Banco Santander," said Joao Abud, Jr., president, Diebold Brazil. "The choice of technology suppliers is always a strategic decision for financial institutions and we are proud to be selected to participate in Santander's expanding business. It is confirmation of the quality of solutions and services offered by Diebold."
Santander is Brazil's third largest private bank by total assets, and has more than 9 million active accounts. The bank provides a commercial network, supported by more than 3,700 bank branches, in-store mini branches and 18,300 ATMs within the network.
According to a September 2011 Retail Banking Research report, Brazil is the largest ATM market in Latin America, accounting for approximately 60 percent of the ATMs in the region.
For more information on this topic, visit our installation/deployment research center.
