NCR expands ATM network to Portugal

NCR Corporation expands its Cashzone ATM network into Portugal, providing convenient cash access to tourists and locals alike.

Facts

  • NCR Corporation, a leading enterprise technology provider, successfully extends its ATM network under the Cashzone brand to Portugal.
  • Over 100 Cashzone-branded ATMs are now operational in Portugal, catering to consumers and tourists seeking cash.
  • NCR’s Cashzone brand is present in various countries including the UK, Spain, Germany, Ireland, and now Portugal.
  • The expansion is motivated by Portugal’s high cash usage, branch consolidation, and active tourism market.
  • The ATMs are strategically placed in popular regions like the south of Portugal and Lisbon, with plans for further expansion.
  • Trusted retail locations like convenience stores, supermarkets, and shopping centers host these ATMs.
  • Stuart Mackinnon, EVP of ATM Group, NCR Banking, notes the demand for cash access, especially among tourists, and the opportunity for retailers to enhance services.
Laura M
Laura M
Laura is a financial reporter, editor, and researcher with a particular interest in fintech innovation, capital markets, and the evolving global banking landscape.

You May Also Like

Swedish Court Delays Judgment in Klarna’s Antitrust Case Against Google

The court's decision is crucial for Klarna's operations in the competitive market.Highlights: Swedish court delays decision on Klarna's...

Morgan Stanley Launches Bitcoin ETF, Expanding Crypto Offerings

The investment firm broadens its reach into the cryptocurrency market.Highlights: Morgan Stanley launches a Bitcoin ETF to enhance...

HSBC Strengthens Position with Hong Kong Stablecoin Issuer License

The banking giant aims to support digital asset initiatives in the region.Highlights: HSBC receives a stablecoin issuer license...

US Treasury Secretary Warns Banks About Anthropic’s New AI Model

Treasury Secretary highlights risks AI poses to financial stability.Highlights: US Treasury Secretary warns banks about the risks of...