The new Independent ADT Networks is locally named as ‘Wplatomat’ in Poland and ‘Depomat’ in Romania.
The payments provider has already signed network participation agreements with several banks, including Alior Bank, Bank Handlowy w Warszawie (Citi Group) and Bank Pocztowy (Post Bank) in Poland, as well as with Citibank Europe in Romania, among others.
The agreements are intended to allow customers from these banks to deposit cash into any Euronet branded deposit terminal in their respective country, said Euronet.
Euronet’s new independent deposit networks in Poland and Romania feature off-site ADTs located in high-traffic retail locations, which have extended hours.
Customers using ADT will be able to access their funds in real-time, and face reduced wait times at the bank branch.
Euronet Worldwide Europe EFT Processing Segment senior vice president and managing director Nikos Fountas said the uniqueness of Euronet’s solution is the fact that its ADTs form the first Independent and Shared Network, which is not owned or operated by one specific bank.
"This enables customers of all network participating banks to deposit cash and allows banks to expand their footprint without additional investment," Fountas added.
"Given the operational complexity and high cost to run ADTs (as compared to ATMs), it is imperative for banks to consider the business case for participating in an Independent and Shared ADT Network."
"Given Euronet’s current 20 agreements for ATM Network Participation in Poland and two in Romania, the potential for signing additional deals for ADT Network Participation is tremendous," Fountas said.
