Sainsbury's sells ATMs to NoteMachine across the UK

Sainsbury's has decided to divest its ATM machines to NoteMachine, marking a strategic shift towards focusing on its retail operations. This decision follows the recent sale of its main banking business to NatWest, which included personal loans and customer deposits. The transfer of management for approximately 1,370 ATMs across the UK will ensure that these machines remain operational and accessible to customers at Sainsbury's locations. NoteMachine is expected to take full ownership by May next year. The partnership with NoteMachine allows Sainsbury's to maintain free access to cash for its customers while simplifying its banking operations. Simon Roberts, the chief executive of Sainsbury's, expressed confidence in NoteMachine as a suitable partner, emphasizing the importance of continuing to provide cash services at existing locations. This move aligns with a broader trend in the retail sector, where companies like Tesco have also reduced their banking activities. As part of the agreement, Sainsbury's will continue to receive a commission from the income generated by the ATMs, which will remain in their current locations. This arrangement not only supports Sainsbury's financial interests but also ensures that customers can still access cash services conveniently. Overall, this strategic decision reflects Sainsbury's commitment to enhancing its retail focus while ensuring that customers retain access to essential banking services through the ATMs managed by NoteMachine.