Diebold, Saque e Pague Extend Financial Self-Service To Underbanked Regions In Brazil

NORTH CANTON, Ohio, Aug. 28, 2014

Deploying cash recycling at the ATM allows Saque e Pague to expand into new markets with limited financial service options. As cash recycling extends ATM uptime, the network provider and its financial institution partners can deploy terminals in remote areas that were previously uneconomical to service, thereby reaching underbanked populations.

"Deposit automation and cash recycling technologies are enabling us to grow our ATM network and reach new markets," said Givanildo da Luz, president, Saque e Pague. "We're also implementing additional self-service capabilities such as bill payments and prepaid card replenishments to deliver even greater convenience at the ATM."

Working with Diebold, Saque e Pague ATMs' cash recycling functionality allows consumer-deposited cash to be automatically reused to improve ATM uptime and reduce the frequency and cost of cash replenishment visits. Extending the cash cycle also reduces risk for financial institutions and retailers, as fewer service trips help to limit cash exposure.

"By deploying sophisticated self-service technology, Saque e Pague is delivering improved efficiencies to financial institutions and retailers, as well as enhanced services to consumers," said Joao Abud Jr., president, Diebold Brazil. "The automated deposit and recycling capabilities of the ATMs raise the bar for other network providers and financial institutions in Brazil."

In addition, the ATMs' deposit automation technology allows consumers to manage streamlined cash and check deposit transactions without using a deposit slip or envelope. Checks are scanned and verified remotely, reducing processing costs for financial institutions and giving them the option to grant consumers immediate access to deposited funds.

About Saque e Pague
Saque e Pague is owned by a Brazilian multinational group with operations in several countries in the technology, agribusiness, hospitality, export and services sectors. It brings a new self-service business model to Brazil. For more information, visit www.saqueepague.com.br.