Sainsbury’s has announced the sale of its ATM business to Brink’s Company NoteMachine.
- The move aims to streamline Sainsbury’s core banking operations and reduce costs.
- Around 1,350 ATMs will remain operational at their current locations.
- The partnership is set to complete by May 2025, offering shared commission benefits.
- This decision follows the sale of Sainsbury’s banking arm to Natwest Group earlier this year.
Sainsbury’s has taken a significant step towards simplifying its banking operations by selling its ATM business to Brink’s Company NoteMachine, a leading ATM operator in the United Kingdom. This strategic decision is driven by the desire to streamline its core banking processes and reduce operational costs.
The agreement with NoteMachine includes the transfer of ownership and management of approximately 1,350 ATMs across the country. Importantly, the transition will ensure that all ATMs remain in their current locations, providing customers with uninterrupted and free access to cash, consistent with existing withdrawal procedures.
The partnership is anticipated to culminate by May 2025, at which point Sainsbury’s will continue to benefit from a shared commission income stream derived from the business. This provides a financial incentive while maintaining essential customer services at their established sites.
Earlier this year, Sainsbury’s made headlines when it agreed to sell a substantial portion of its banking division to Natwest Group. This latest decision aligns with the supermarket’s phased reduction in banking operations, reflecting a broader strategy to focus on core retail activities.
Simon Roberts, Chief Executive of Sainsbury’s, expressed confidence in NoteMachine as a partner, highlighting the continued provision of cash access for customers and the simplification of their banking operations. Steve Makaritis, Chief Executive of NoteMachine, echoed this sentiment, emphasising their mission to enhance banking convenience and service accessibility across the UK.
The sale of Sainsbury’s ATM business to NoteMachine represents a strategic move to streamline operations while ensuring continued customer service.
