News

Cardtronics seizes opportunity in Spain

October 28, 2016

Cardtronics has launched its ATM business in Spain through separate agreements with Euro 6000 and SuperCor.

The relationship with Euro 6000, Spain's largest ATM network, allows customers whose banks belong to the network to transact at all Cardtronics ATMs and benefit from the low fee structure of Euro 6000, the company said in a press release.

The Euro 6000 logo will be visible on Cardtronics Cashzone-branded cash machines, according to the network's internal rules.

"The presence of Cardtronics is an opportunity to complement geographically the extensive network of Euro 6000 in certain points, extending the coverage and effective service to our customers," said Juan José Gutiérrez, general director of Euro 6000.

Separate agreements with SuperCor will make Cardtronics the first provider of cash machines to all SuperCor and SuperCor Expres stores, as well as another large supermarket chain not named in the release.

These machines, which also will be Cashzone-branded, will be rolled out gradually as part of an expected national distribution program.

Cardtronics will provide services that include installation and placement of the physical ATMs, maintenance and servicing, transaction processing, customized use reports, monitoring and incident management, and cash provisioning.

Cardtronics recently opened offices in Barcelona and said the company is in conversations with additional potential partners to deploy cash machines in Spain.

According to a study from PwC and IE Business School, Spaniards have one of the highest cash preference rates among Europeans; nearly 85 percent of payments in Spain are transacted in cash.