Supply Chain Council of European Union | Scceu.org
Distribution

Belgian banks unite to improve ATM distribution

Thursday, 09 January 2020

The first new ATMs will appear on the streets from mid-2021. Credit: Pxhere

The four major Belgian banks (Belfius, BNP Paribas Fortis, ING and KBC) have announced that they will join forces to create a common network of ATMs in Belgium.

The move is a response to changing consumer behaviour regarding the use of cash, Belfius, BNP Paribas Fortis, ING and KBC announced on Wednesday in a press release.

The banks aim to work towards a “more balanced distribution of ATMs while significantly increasing the possibilities for depositing cash”. This joint initiative is also open to other banks that have a network of cash dispensers.

The first new ATMs will appear on the streets from mid-2021.

The Brussels Times

Related posts

Kuehne+Nagel North America expands healthcare network with a new distribution center

scceu

REIT: Despite falling distribution yields, should you look at Embassy REIT?

scceu

Why COVID-19 vaccine distribution methods fall short and 3 ways to improve them

scceu