ATMs in the Community
Euronet established its ATMs in the Community program with the goal of providing access to cash for people who live far from large urban centers.
The need for ATMs in these areas has steadily increased the last 10 years across Europe as financial institutions reduced their commercial networks by 40% and closed remote bank branches because of economic issues and mergers.
In Spain, for example, 50% of Catalan municipalities do not have a bank branch according to the latest data from the Bank of Spain and the INE.
As an independent ATM provider, Euronet decided to fill the vacancies left behind by the traditional banks with the launch of this European-wide program that ensures citizens and businesses in these communities can conveniently and safely access cash.
Euronet Establishes ATMs in the Community Program
Euronet established its ATMs in the Community program with the goal of providing access to cash for people who live far from large urban centers.
The need for ATMs in these areas has steadily increased the last 10 years across Europe as financial institutions reduced their commercial networks by 40% and closed remote bank branches because of economic issues and mergers.
In Spain, for example, 50% of Catalan municipalities do not have a bank branch according to the latest data from the Bank of Spain and the INE.
As an independent ATM provider, Euronet decided to fill the vacancies left behind by the traditional banks with the launch of this European-wide program that ensures citizens and businesses in these communities can conveniently and safely access cash.
