Goldfields and Stargroup combine cash and ATMs
anking services provider Goldfields Money Limited and financial technology firm Stargroup Limited have agreed to extend their ATM Cash Convenience Agreement for a three year term and to double it to A$30 million. Under the initial agreement, announced in September 2016, Stargroup lowered cash costs, provided Goldfields Money with ATMs to service customers in remote locations and installed its "bank in a box" Recycler ATM in Goldfields Money branches. The revised agreement will see Goldfields Money populate part of the Stargroup network of ATMs with its excess cash reserves as part of a growth and diversification strategy. Stargroup recently boosted the number of ATMs it has under management by 2,414 with the acquisition of Indue Limited's ATM switching, settlement, processing, telecommunications and reseller business.