Euronet and Prosegur Cash announced the launch of their Independent ATM Network (IAD) in Peru and the Dominican Republic. This initiative is part of their joint venture agreement, branded as LATM, aimed at deploying independent ATMs across Latin America and providing ATM As-a-Service solutions to financial institutions.
The new network is sponsored by leading local financial institutions, Banco Alfin in Peru and Banco BHD in the Dominican Republic. These ATMs will feature LATM branding and will also display the respective bank brands, providing state-of-the-art solutions in key locations.
The joint venture leverages Euronet’s Ren payments platform and its extensive portfolio of ATM management services, combined with Prosegur Cash’s on-the-ground operational services for cash management. This strategic expansion positions Euronet for rapid growth in the region, backed by established local partnerships and global processing centers.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.