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New network will have 600 fewer cash machines
Lindsay Clark Mon 1 Feb 2021 // 12:22 UTC Share
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The UK Post Office has awarded two contracts worth a total of £30m for a banking network and ATMs system in a procurement expected to be worth £357m once all contracts are awarded.
UK government-owned company which runs the familiar local outlets has awarded Cennox a £26m contract for banking automation managed services while Vocalink has won a £4m contract for provision of a highly resilient, compliant and secure platform providing ATMs.
The Post Office said last year it planned to close almost a third of its 2,000 cash machines, which are free to use and valuable to the public where alternative facilities are scarce. Convenience stores largely charge to withdraw cash at ATMs.
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