Swiss lender PostFinance has signed an eight-year service agreement with Germany’s Diebold Nixdorf to upgrade its ATM network.

Under the terms of the agreement, Diebold Nixdorf will install and support a total of 820 ATMs and cash recycling systems.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

The new systems will be equipped with barcode and NFC readers, enabling users to conduct contactless transactions using a smartphone instead of a bank card.

Additionally, new cash recycling systems will be installed which will enable customers to deposit cash and coins.

Diebold Nixdorf said that its monitoring software, which analyzes a wide range of status information collected from all the banks’ systems, will simplify service management and improve PostFinance’s ATM network availability.

PostFinance head of operations Peter Lacher said: “With the introduction of a new generation of self-service systems from Diebold Nixdorf, we are creating conditions that enable our customers to withdraw cash conveniently at Postomats in the future, including contactless withdrawals or those made with smartphones.”

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Diebold Nixdorf managing director for Europe, Middle East and Africa Christian Weisser said: “As the industry leader in contactless transactions, our comprehensive solutions are enabling PostFinance to bridge the physical and digital worlds of cash and provide truly connected commerce to its consumers.”