Cash Services -2SF

What Cash Services -2SF does

Cash Services is the unified banking-services brand of 2SF (Société des Services Fiduciaires), a joint venture SAS incorporated in 2022 by three of France's largest banking groups — BNP Paribas, Crédit Mutuel Alliance Fédérale, and Société Générale — to consolidate and operate the ATM networks of four banking brands (BNP Paribas, Crédit Mutuel, CIC, Société Générale) under a single shared infrastructure. The company manages installation, supply, maintenance, monitoring, and cash logistics for a target network of nearly 6,000 automated teller machines across France by 2026, with more than 5,000 deployed in partner bank branches and the remainder in standalone locations such as train stations and shopping centres; coverage also extends to Monaco. The technical platform comprises cash-recycling ATMs, real-time service-availability monitoring with remote and on-site incident resolution, advanced security systems, and a Dynamic Currency Conversion module for international cardholders (with a capped ECB-rate margin of 10% for EEA cards).

The product surface spans six integrated services: banknote withdrawal, banknote deposit (instant and delayed credit), cheque deposit (valued, QR-coded, or non-recovered), coin deposit (bulk and pouch), coin withdrawal, and self-service banking (account consultation, transfers, PIN change, balance printing). A vocal-assistance feature for cash and cheque deposits was launched in June 2026 to improve accessibility for people with disabilities. Universal card acceptance is supported across CB, Visa, Mastercard, Maestro, Cirrus, Amex, JCB, UnionPay, Discover, and Diners Club International.

The revenue model is a hybrid of (i) managed-services fees paid by the three shareholder banks for operating the pooled ATM infrastructure, and (ii) transaction-related revenue from non-partner cardholders, including DCC margins on international withdrawals. Withdrawals are free for customers of the four partner brands and their subsidiaries (Hello Bank, Monabanq, Franfinance, Beobank, Targobank). Operating geographies cover mainland France and Monaco, with ~150 employees distributed across Paris, Strasbourg, and Lille. No external funding rounds, M&A activity, or leadership changes are disclosed; governance is balanced across the three banking partners at both Board and Executive Committee level.

Name

Cash Services -2SF

Legal name

2SF - Société des Services Fiduciaires SAS

Website

https://cash-services.fr

Company type

Private

Founded year

2023

Operating status

Operating

Headcount range

51–100 employees

Short description

Cash Services (operated by 2SF, Société des Services Fiduciaires) runs a unified French ATM network of nearly 6,000 machines for three shareholder banking groups — BNP Paribas, Crédit Mutuel Alliance Fédérale, and Société Générale — serving customers of BNP Paribas, Crédit Mutuel, CIC, and Société Générale brands.

Ownership category

akta.pro rank

Product category

ATM Network Operations and Managed Banking Infrastructure

SIC

Functions Related To Depository Banking, Nec (6099)

akta.pro primary industry

ATM Deployers & Managed ATM Services (IAD/ISO) (FSAMAOAC)

akta.pro secondary industry

Cash & Coin Processing / Cash Centers (FSAMAOAF)

Keywords

• Shared ATM network
• Cash recycling machines
• Self-service banking
• Managed ATM services
• Banking infrastructure operations

Headquarters

HQ city

Saint-Denis

HQ country

France

HQ region

Europe

Offices4 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Infrastructure, Operations, Supply Chain, Technology or R&D, Marketing or Sales

Revenue model

1. ATM transaction fees: Revenue generated from ATM transaction fees charged to cardholders and/or banks for cash withdrawals, deposits, and other banking operations performed at Cash Services ATMs. Free for customers of partner banks (BNP Paribas, Crédit Mutuel, CIC, SG and subsidiaries).
2. Banking services management fees: 2SF manages the implementation, installation, supply, maintenance and monitoring of ATMs for its banking partners, acting as the operating entity for the pooled ATM network. Revenue comes from service fees paid by the partner banks.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels4 records

Core offering

Cash Services operates and manages a pooled ATM network of nearly 6,000 points across France (by 2026) on behalf of three shareholder banking groups (BNP Paribas, Crédit Mutuel Alliance Fédérale, Société Générale) and four banking brands (BNP Paribas, Crédit Mutuel, CIC, SG). The company implements, installs, supplies, maintains, and monitors the ATMs, and delivers end-user services including cash withdrawal, cash deposit, cheque deposit, coin deposit/withdrawal, and self-service banking operations.

Product overview

Cash Services is a unified banking ATM network managed by 2SF (Société des Services Fiduciaires), a joint venture between three major French banking groups (BNP Paribas, Crédit Mutuel Alliance Fédérale, and Société Générale). The network consolidates ATM services previously operated separately by four banking brands (BNP Paribas, Crédit Mutuel, CIC, and SG) into approximately 6,000 Cash Services points across France. The core Cash Services ATM Network serves as the central platform offering six integrated services: Banknote Withdrawal (accessible to all cardholders), Banknote Deposit, Cheque Deposit, Coin Deposit, Coin Withdrawal, and Self-Service Banking (account access, transfers, PIN changes). An optional Dynamic Currency Conversion module is available for international cardholders. The network is being progressively deployed with full rollout expected by 2026.

Differentiator

Problem solved

Functional benefit

Products and services

• Cash Services ATM Network Unified network of approximately 6,000 automated teller machines across France (by 2026) providing banking services including cash withdrawals, deposits, and self-service banking operations under a single shared brand.
• Retrait de billets (Banknote Withdrawal) Cash withdrawal service available to all cardholders at Cash Services ATMs across France. Withdrawals are free for customers of partner banks (BNP Paribas, Crédit Mutuel, CIC, SG) and their subsidiaries.
• Dépôt de billets (Banknote Deposit) Cash deposit service offered in two modes: counted banknote deposit (instant credit) and uncounted banknote deposit (credit within a few days). Exclusive to partner bank customers.
• Dépôt de chèques (Cheque Deposit) Cheque deposit service offered in three modes: valued cheque deposit at the ATM, non-automated cheque deposit with QR code, and non-recovered cheque deposit. Exclusive to partner bank customers.
• Dépôt de pièces (Coin Deposit) Coin deposit service offered in two modes: bulk coin deposit (machine counts and sorts automatically) and coin pouch deposit with slip. Exclusive to partner bank customers.

Quantifiable outcome

• 31% reduction in greenhouse gas emissions linked to user and team travel
• +5 more outcomes

Named customers6 records

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Four partnerships are on record, tiered core.

• BNP ParibascoreStrategic or Co-development PartnerBNP Paribas is one of the 3 banking groups that co-founded and co-own 2SF (Société des Services Fiduciaires) to operate the shared Cash Services ATM network. BNP Paribas branch customers enjoy free cash withdrawals and deposit services at all Cash Services ATMs. BNP Paribas is represented on the Board of Directors of 2SF.
• Crédit Mutuel Alliance Fédérale (including CMO, CM MABN)coreStrategic or Co-development PartnerCrédit Mutuel Alliance Fédérale is one of the 3 banking groups that co-founded and co-own 2SF (Société des Services Fiduciaires). Its customers (Crédit Mutuel, CIC) enjoy free cash withdrawals and deposit services at all Cash Services ATMs. Represented on the Board of Directors of 2SF.
• Société GénéralecoreStrategic or Co-development PartnerSociété Générale is one of the 3 banking groups that co-founded and co-own 2SF (Société des Services Fiduciaires). Its customers enjoy free cash withdrawals and deposit services at all Cash Services ATMs. Represented on the Board of Directors of 2SF.
• CIC (Crédit Industriel et Commercial)coreStrategic or Co-development PartnerCIC is part of the Crédit Mutuel Alliance Fédérale banking group and is one of the 4 banking brands whose ATM services are pooled under the Cash Services brand. CIC branch customers enjoy free services at all Cash Services ATMs.

Scale indicators5 records

Recent moves6 records

Expansion highlights4 records

Broad incumbents

• Diebold Nixdorf: Global ATM manufacturer and services provider for retail banks. Comparable as the dominant incumbent supplying and maintaining the ATM hardware that 2SF's network depends on.

Direct peers

• Euronet Worldwide: Global ATM and payments operator (epay, EFT, Money Transfer segments) running a 440,000+ ATM/processing endpoint network. Directly comparable to Cash Services as an outsourced ATM deployer and managed-services operator.
• NCR Atleos: Spin-out of NCR's ATM business (now incorporating Cardtronics). Operates one of the largest independent ATM networks globally and provides ATM managed services to banks — the closest pure-play comparable to 2SF's ATM-as-a-service model.
• Brink's: Global cash-management, ATM, and CIT services provider. Comparable to 2SF in cash-in-transit, ATM servicing, and end-to-end cash-handling solutions for banks and retailers.
• Cardtronics: Major ATM operator (now part of NCR Atleos). Comparable as a managed-services ATM operator serving retail and financial-institution partners across multiple geographies.
• Loomis: Cash-handling, CIT, and ATM services company operating across Europe. Comparable to Cash Services in providing outsourced physical-cash infrastructure to banks.

Regional players

• Bancomat: Italian ATM-network consortium pooling the ATM estates of Italian banks. Highly comparable as a multi-bank ATM pooling model, but operating in Italy rather than France.
• Link: UK ATM network linking cash machines from multiple banks and operators. Comparable as a shared multi-bank ATM infrastructure but serves the UK market rather than France.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/2sf

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Cash Services -2SF