Euronet Germany, a wholly owned subsidiary of Euronet Worldwide Inc., announced that it has signed contracts with a number of strategic partners that will allow the company to place more than 50 ATMs in highly desirable locations in Germany, according to a press release at MarketWatch.com.
The ATMs will be located at the Frankfurt, Dusseldorf and Hamburg Airports; Checkpoint Charlie in Berlin; Hamburg Central Station; and UK Military Bases in 13 German cities.
The contracts range from three to five years in duration, including two to five years of exclusivity for the provision of ATMs, operations and management services. The ATMs will be Euronet owned and operated and will be equipped to allow for a full range of value-added service products.
"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. "Because Euronet is the only provider in the market that can offer Independent ATM Deployment and ATM outsourcing services, we are able to provide financial institutions with operating efficiencies and cost savings to support this growing trend," he said.
