Sainsbury’s has decided to sell its ATM business to Brink’s Company NoteMachine to streamline operations and cut costs.
- Around 1,350 ATMs nationwide will be managed by NoteMachine, ensuring no disruption in cash access for customers.
- The transition to NoteMachine is expected to be completed by May 2025, forming a long-term partnership.
- This move follows Sainsbury’s earlier decision to sell most of its banking arm to Natwest Group.
- Executives from both Sainsbury’s and NoteMachine express confidence in continued customer service excellence.
Sainsbury’s has strategically chosen to divest its ATM business, selling it to Brink’s Company NoteMachine. This decision aligns with the supermarket giant’s goals to simplify its core banking operations and reduce expenses. By offloading the management of approximately 1,350 ATMs across the UK to NoteMachine, Sainsbury’s ensures continued customer convenience without altering existing cash withdrawal processes.
Under the terms of the agreement, NoteMachine will assume full responsibility for the operation of these ATMs, maintaining their presence at current locations. Customers will continue to enjoy free access to cash, a service that remains unchanged despite the change in management. The transition, set for completion by May 2025, establishes a lasting partnership that promises a shared commission revenue stream.
This move comes after Sainsbury’s prior announcement of selling a significant portion of its banking division to Natwest Group, indicating a phased withdrawal from the banking sector. Sainsbury’s Chief Executive, Simon Roberts, expressed satisfaction with the arrangement, emphasizing the importance of providing uninterrupted cash access while also achieving corporate simplification and cost reduction. He stated, “We are really pleased that we can keep offering our customers free access to cash at all of our existing locations while also simplifying our banking business and reducing our costs.”
From NoteMachine’s perspective, this acquisition is seen as an enhancement of their service offering. CEO Steve Makaritis highlighted the strategic fit of the venture, noting that it supports NoteMachine’s mission to enhance banking accessibility across the UK. “This agreement aligns perfectly with our mission to make banking easier, more convenient, and accessible for all,” he remarked. The expansion of the ATM network strengthens NoteMachine’s commitment to providing essential services regardless of whether the customer is in urban or rural areas.
Sainsbury’s sale of its ATM business to NoteMachine marks a significant step towards optimising its banking operations while maintaining customer service standards.
