Press Room
Euronet and Prosegur Cash Launch Independent ATM Network in Peru and the Dominican Republic
The initiative is sponsored by leading local financial institutions in both markets: Banco Alfin, recognized in Peru for its commitment to digitalization and technological innovation, and Banco BHD, the second-largest private bank in the Dominican Republic.
LEAWOOD, Kan., and MADRID, April 24, 2025.- Euronet (NASDAQ: EEFT), a global leader in payments processing and cross-border transactions, and Prosegur Cash (Spanish SE: CASH), a global Cash-In-Transit company with strong leadership in Latin American markets, announced today the launch of their Independent ATM Network (IAD) in Peru and the Dominican Republic. The initiative is part of their joint venture agreement, branded as LATM (a combination of LATAM and ATM), to deploy independent ATMs across most countries of Latin America and provide comprehensive ATM As-a-Service solutions to banks and financial institutions in the region.
The initiative is sponsored by leading local financial institutions in both markets: Banco Alfin, recognized in Peru for its commitment to digitalization and technological innovation, and Banco BHD, the second-largest private bank in the Dominican Republic. The joint venture will provide state-of-the-art ATM solutions in key locations across both countries where cash is needed most, including popular destinations attracting international travelers. The ATMs will feature the distinct and well-recognized LATM branding, showcasing the combined strengths of the parties in providing financial services at scale. The BHD and Alfin brands will also be displayed on respective LATM ATMs in the Dominican Republic and Peru.
The joint venture leverages Euronet’s Ren payments platform and the company’s extensive portfolio of value-added ATM management services as well as Prosegur Cash’s customer-centric, on-the-ground operational services for cash management, end-to-end hardware services and facilities management.
“We are thrilled with the launch of our first markets with Independent ATM Networks in Latin America through our joint venture with Prosegur Cash,” said Nikos Fountas, Euronet EVP and CEO EFT Americas, Europe, Middle East and Africa. “This joint venture positions us for rapid growth in the region. We are confident that we will achieve a rapid pace of ATM deployment in these countries based on well-established local partnerships backed by our global processing centers. The deployment of our IAD in the region is also an excellent platform for providing ATM As-a-Service to banks and financial institutions.”
“The start of operations in Peru and the Dominican Republic represents the full and effective development of the agreement reached with Euronet and is a winning model which we will see soon in many more countries in the region,” said José Antonio Lasanta, CEO of Prosegur Cash, in welcoming the launch in the two countries.