Diebold and Saque e Pague extend financial self-service in Brazil

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Diebold has announced it is working with Saque e Pague to deliver a range of financial self-service capabilities to consumers and financial institutions in Brazil.

The country’s first deposit automation- and cash recycling-enabled ATMs are helping Saque e Pague rapidly grow its network, to help reach previously underbanked regions in the country. Deploying cash recycling at the ATM enables Saque e Pague to expand into new markets with limited financial service options. As cash recycling extends ATM uptime, the network provider and its financial institution partners can deploy terminals in remote areas that were previously uneconomical to service, thereby reaching underbanked populations.

“Deposit automation and cash recycling technologies are enabling us to grow our ATM network and reach new markets,” said Givanildo da Luz, President, 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.”

“By deploying sophisticated self-service technology, Saque e Pague is delivering improved efficiencies to financial institutions and retailers, as well as enhanced services to consumers,” said Joao Abud Jr., President, Diebold Brazil. “The automated deposit and recycling capabilities of the ATMs raise the bar for other network providers and financial institutions in Brazil.”

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