SET-listed vending and top-up machine operator Sabuy Technology is moving into automated teller machines (ATMs), one of six moves it is making to expand its business ecosystem.
Sabuy’s board has approved the purchase of 50% of the shares of Platt Finserve (PFS) for 1.13 billion baht from Cash Machine Capital. PFS holds the right to install 10,000 ATMs in front of 7-Eleven convenience stores across the country for 10 years.
“We see that ATM kiosks will replace routine operations in the banking sector, including opening new bank accounts. This responds to consumers’ digital lifestyle and the bank policy of cost reductions,” said Chookiat Rujanapornpaje, chief…
