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Brazilian ATM network operator teams with Diebold to serve the underbanked
The extended uptime of cash recycling ATMs allows the Saque e Pague network to deploy terminals in remote areas that previously were uneconomical to service.
August 29, 2014
ATM network provider Saque e Pague has partnered with Diebold Inc. to introduce the first deposit automation- and cash recycling-enabled ATMs in Brazil as the company works to reach previously underbanked regions in the country.
Cash recycling capability allows Saque e Pague to enter new markets where financial service options are limited. Their extended uptime means that the network and its FI partners can deploy terminals in remote areas that were previously uneconomical to service.
"Deposit automation and cash recycling technologies are enabling us to grow our ATM network and reach new markets," said Givanildo da Luz, president of Saque e Pague. "We're also implementing additional self-service capabilities such as bill payments and prepaid card replenishments to deliver even greater convenience at the ATM."
In addition, the ATMs' deposit automation technology allows users to carry out cash and check deposit transactions without a deposit slip or envelope. Checks are scanned and verified remotely, reducing processing costs for financial institutions and giving them the option to grant consumers immediate access to deposited funds.
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Diebold Nixdorf
As a global technology leader and innovative services provider, Diebold Nixdorf delivers the solutions that enable financial institutions to improve efficiencies, protect assets and better serve consumers.
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