Moneybox Corporation Ltd, the UK market leader in convenience cash machines or Automated Teller Machines announced that it has passed a major corporate milestone by installing its 1000th ATM.
The 1000th ATM has been installed in an independent convenience store in West Hampstead, which is situated close to a mainline train station and underground station to serve obvious customer demand. Up until now, people have regularly entered this particular store and asked for the location of the nearest bank ATM, to be told that they will have to walk for 10 minutes to get cash.
Moneybox is now one of the top 10 largest ATM networks in the UK – with more ATMs available than many banks and building societies. The Company also reported that since its launch 14 months ago, over 6 million transactions have now taken place through its ATMs.
Commenting on this announcement, Paul Stanley, Managing Director of Moneybox, said: “Passing the 1000th ATM mark by the summer of 2000 has always been our primary target and we are delighted to have achieved it. With the extent and range of our network, coupled with our LINK membership, Moneybox has created a solid platform from which to grow well beyond the original targets set, and we intend to install at least another 1,000 ATMs.
“In addition we have been extremely sensitive to ensure that we build a viable long-term business and our sites enjoy high levels of transactions volumes. Going forward we believe there is considerable capacity in the market not only for ATMs, but also for the related services and products available as a result of the increased functionality of the technology. We will be making further announcements about these developments in the near future.”Details