Euronet and Prosegur Cash Launch Independent ATM Network in Peru and the Dominican Republic

Core Insights - Euronet and Prosegur Cash have launched an Independent ATM Network in Peru and the Dominican Republic as part of their joint venture branded as LATM, aimed at deploying independent ATMs across Latin America [1][4] - The initiative is supported by local financial institutions, Banco Alfin in Peru and Banco BHD in the Dominican Republic, focusing on providing ATM solutions in high-demand cash locations [2] Company Overview - Prosegur Cash operates in cash logistics and management, employing around 45,000 people across 31 countries, with revenues of €1,861 million in 2023 [5] - Euronet is a leader in payments processing and cross-border transactions, with a global network that includes 55,248 ATMs and services in over 200 countries [6][7] Joint Venture Details - The joint venture utilizes Euronet's Ren payments platform and Prosegur Cash's operational services for cash management and hardware [3] - The LATM-branded ATMs will be strategically placed in locations frequented by international travelers, enhancing cash accessibility [2] Future Prospects - The launch in Peru and the Dominican Republic is seen as a model for rapid growth and expansion into other Latin American countries [4]