Citibank in Prague is to outsource the management and maintenance of its cash machine network to Euronet Services.
Under the terms of a new five-year contract between the two companies, Euronet will install and operate Citibank-branded ATMs throuhgout the Czech Republic.
The agreement builds on a growing relationship between the two companies.
Earlier this year, the bank contracted with Euronet to install and operate 250 ATMs in Greece under an eight-year agreement. Euronet also provides Citibank with ATM outsourcing services in Hungary, Poland, and the UK under multi-year agreements.