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Australian ATM company expands into China: Australian electronic payments system company,...

Publication: Australian Banking & Finance
Date: Sunday, October 15 2006

The new company, Customers Asia Limited, has been formed with investment firm FCP Brencorp Limited, and will focus on establishing a substantial foothold in the China market, where there are currently an estimated 80,000 ATMs, a number that is expected to double over the next 3-5 years.

Customers Limited managing director, Greg Baker, said that the joint venture effectively fast tracks the company's strategic plans to pursue growth through international expansion in the region.

Mr Baker is the former chief executive of payments company, CashCard, which was s

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