banco24horas
Banco24Horas is Brazil's largest independent shared ATM network, operating 24,000+ terminals across 17,500+ retail sites and connecting 150+ financial institutions, serving 155 million Brazilians with withdrawals, deposits, payments, and digital banking services.
- Company typePrivate
- Founded1982
- HeadquartersBarueri, Brazil
- Headcount—
- GTM typeB2B
- OfferingServices
What banco24horas does
Banco24Horas is the consumer-facing brand of Brazil's largest independent shared ATM network, operated by Tecban (Tecnologia Bancária S.A.), a São Paulo-based financial technology company founded in 1982. The network comprises 24,000+ ATM terminals deployed across 17,500+ retail establishments in 1,200-1,500 municipalities, connecting 150+ financial institutions and serving 155 million Brazilians (75% of the population). The platform processes 1.7 billion transactions annually, equivalent to 2.9% of Brazilian GDP, and holds the position of the world's largest independent ATM network by withdrawal volume and third-largest by terminal count.
The product portfolio spans traditional ATMs, the compact mini Banco24Horas (ATMO) embedded in retail checkout counters, the maxGestão cash recycler solution (3,400+ units installed), the Banco24Horas max envelope-free cash deposit service, the Saque Digital QR-code cardless withdrawal feature, mobile ATM trucks/containers, and complementary services including gift card purchases (Vale-presente), prepaid telecom recharges (Recarga), bill payment, IPVA installments, and a locator mobile app with the 'Téo' chatbot. Core technology relies on multi-biometric terminals, cash recycling hardware, QR-code-based authentication, and real-time ATM status monitoring.
The business operates on a B2B2C model. Revenue is generated primarily through transaction fees paid by 150+ financial institutions for each transaction their customers perform at Banco24Horas terminals, supplemented by fees from retail establishments hosting ATMs or ATMO devices, and managed-services fees from the maxGestão cash custody offering. Retail partners benefit from the 82% cross-purchase rate among ATM users, while financial institutions extend their physical service footprint without capital expenditure on proprietary ATM infrastructure. Tecban has invested R$4 billion in products and solutions over the last decade, reflecting the capital intensity of the platform.
banco24horas firmographics
Firmographics- Name
- banco24horas
- Legal name
- TECNOLOGIA BANCÁRIA S.A.
- Website
- https://banco24horas.com.br
- Company type
- Private
- Founded year
- 1982
- Operating status
- Operating
- Short description
- Banco24Horas is Brazil's largest independent shared ATM network, operating 24,000+ terminals across 17,500+ retail sites and connecting 150+ financial institutions, serving 155 million Brazilians with withdrawals, deposits, payments, and digital banking services.
- Ownership category
- akta.pro rank
banco24horas industry classification
Industry- Product category
- Independent ATM Network Services
- NAICS
- Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320)
- SIC
- Functions Related To Depository Banking, Nec (6099), Finance Services (6199)
- akta.pro primary industry
- ATM Deployers & Managed ATM Services (IAD/ISO) (FSAMAOAC)
- akta.pro secondary industries
- Cash Access & Cardless ATM Withdrawal Services (FSAMAOAJ), Treasury, Cash Management & Liquidity Tools (Sweeps, Cash Concentration) (FSAGAAAG), Cash-in/Cash-out Agent Network Wallets (FSAMAEAJ)
Keywords
Where banco24horas is headquartered
LocationHeadquarters
- HQ city
- Barueri
- HQ country
- Brazil
- HQ region
- Latin America
Offices1 record
Markets served
banco24horas business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Infrastructure, Technology or R&D, Operations, Personnel, Marketing or Sales, Supply Chain
Revenue model
- Transaction fees from financial institutions: Financial institutions pay fees for each transaction their customers perform at Banco24Horas ATMs. This includes withdrawals, deposits, balance inquiries, and other services.
- Retail partner fees: Retail establishments pay for hosting ATMs or mini Banco24Horas devices, benefiting from increased customer traffic and footfall. The network generates revenue from this B2B arrangement.
- maxGestão cash custody services: The maxGestão solution provides cash custody for retailers, where deposited cash is held under Banco24Horas management, generating fees for secure handling and management.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Usage-based | Monthly | 4 free monthly withdrawals for checking account holders |
Go-to-market motion3 records
Distribution channels5 records
Marketing channels6 records
banco24horas product offering
Product offeringCore offering
Banco24Horas operates an independent shared ATM network of more than 24,000 self-service terminals deployed across 17,500+ retail establishments in 1,200+ Brazilian municipalities, connecting 150+ financial institutions to enable consumers to perform cash withdrawals, deposits, balance inquiries, bill payments, gift card purchases, and prepaid recharges. The portfolio includes the mini Banco24Horas (ATMO) compact countertop device, Banco24Horas max envelope-free cash deposits, maxGestão cash recycler management for retailers, the Saque Digital cardless QR-code withdrawal, and a mobile app with ATM locator and content hub.
Product overview
Banco24Horas is a multi-format independent ATM network owned and operated by Tecban (Tecnologia Bancária S.A.), connecting over 150 financial institutions to more than 23,000 fixed ATM terminals, compact ATMO countertop devices, and mobile ATM units. The core product is the traditional ATM network offering cash withdrawal, deposit, balance inquiry, and bill payment services. The portfolio includes the mini Banco24Horas (ATMO) countertop device for retail point-of-sale locations, the Banco24Horas max cash deposit service, the Vale-presente gift card module, the Recarga prepaid top-up service, and the maxGestão cash recycler management tool for merchants. A companion mobile app provides real-time ATM locator, transaction reminders, and access to a financial content hub.
Differentiator
Problem solved
Functional benefit
Brands
- mini Banco24Horas (ATMO): A compact version of Banco24Horas that fits next to the cash register of commercial establishments, allowing customers to withdraw money, pay bills, check balances and more directly at the store checkout.
- Banco24Horas max
- maxGestão
Quantifiable outcome
- 82% of customers who withdraw at Banco24Horas make purchases at the same retail location
- +4 more outcomes
Companies that use banco24horas
Customer profileNamed customers12 records
Segments4 records
Ideal customer profiles3 records
banco24horas technology and API
TechnologyAPI detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature4 records
banco24horas partnerships and signals
Strategic signalPartnerships
Twelve partnerships are on record, tiered core.
- BanrisulcoreBanrisul has partnered with Banco24Horas since 2014. Recently expanded to include deposit services in addition to withdrawals, balance inquiries, statements, and bill payments. Particularly important for areas with limited Banrisul branch presence.
- Tecban (Tecnologia Bancária S.A.)coreTecban is the parent company and operator of Banco24Horas. Founded in 1982, Tecban has invested R$4 billion over the last decade in developing Banco24Horas and related financial technology solutions. Tecban also operates TBNet (telecom services) and TBSI (integrated services for financial market and equipment manufacturers).
- Itaú UnibancocoreItaú offers services through the Banco24Horas network including savings account statements and other account services. Customers can access their accounts at any Banco24Horas ATM.
- BradescocoreBradesco provides extensive services through the network including withdrawals, INSS benefits, biometric enrollment, loan services, and more. One of the largest bank partners.
- Santander BrasilcoreSantander offers services including bill payment, insurance, capitalization products, and credit services through the Banco24Horas network.
- Banco do BrasilcoreBanco do Brasil offers withdrawal, deposit, INSS loan, and scheduled payment services through the network.
- Caixa Econômica FederalcoreCaixa offers withdrawal services through the Banco24Horas network, extending its reach beyond physical branch locations.
- NubankcoreDigital bank Nubank offers services through the Banco24Horas network, extending its physical service capabilities to customers.
- Banco IntercoreDigital bank Banco Inter offers digital token withdrawal services through the Banco24Horas network, enabling cardless withdrawals.
- PicPaycorePayment fintech PicPay integrates with the Banco24Horas network for expanded physical service access.
- PagBankcorePagSeguro's PagBank offers banking and payment services through the Banco24Horas network.
- Rede de Supermercados SolzãocoreRegional supermarket chain hosting mini Banco24Horas devices. Reports increased customer flow and ability to sell additional products to ATM users.
Scale indicators16 records
Recent moves6 records
Expansion highlights6 records
banco24horas competitors and assessment
Company assessmentDirect peers
- Rede: Brazil's other major shared ATM/acquiring network, owned by Itaú. Direct competitor in operating shared ATM infrastructure and merchant acquiring across Brazil.
- Euronet Worldwide: Global independent ATM network operator and payments processor. Closest international comparable in terms of independent ATM deployer model and cross-bank ATM transactions.
Broad incumbents
- NCR Atleos (Cardtronics): Largest independent ATM operator in North America/Europe (formerly Cardtronics), part of NCR. Comparable as a scaled independent ATM deployer and managed services provider.
- Cielo: Brazil's largest card payment acquirer. Comparable as a Brazilian payments infrastructure incumbent with overlapping merchant relationships and cash-flow economics.
- Diebold Nixdorf: Global ATM manufacturer and services provider. Comparable as the broader incumbent supplying and servicing ATM hardware/software for banks and independent deployers.
- Fiserv: Large global fintech providing merchant acquiring, banking, and payments infrastructure. Comparable as a broad incumbent spanning similar retail banking and payment workflows.
- Global Payments: Global merchant acquiring and payment technology provider. Comparable as a broad payments infrastructure incumbent with overlap in retail cash-flow and transaction processing.
Emerging players
- PagBank PagSeguro: Brazilian digital payments/merchant acquiring platform and Banco24Horas partner. Comparable as a payments fintech expanding physical service touchpoints to merchants in Brazil.
- StoneCo: Brazilian merchant payments/acquiring platform. Comparable as a Brazilian payments infrastructure player competing for merchant cash-management and digital payment flows.
- Mercado Pago: Fintech arm of Mercado Livre offering payments, digital wallet, and credit in Brazil. Comparable as a digital-first payments/wallet player shaping Brazil's transition away from cash.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
banco24horas social profiles
Digital presencebanco24horas financial estimates
Financial estimateRevenue estimate
Valuation estimate
banco24horas leadership team
Management profileNumber of profiles
banco24horas subsidiaries and ownership
Company hierarchySubsidiaries2 records
banco24horas funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
banco24horas M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about banco24horas
What does banco24horas do?
Banco24Horas operates an independent shared ATM network of more than 24,000 self-service terminals deployed across 17,500+ retail establishments in 1,200+ Brazilian municipalities, connecting 150+ financial institutions to enable consumers to perform cash withdrawals, deposits, balance inquiries, bill payments, gift card purchases, and prepaid recharges. The portfolio includes the mini Banco24Horas (ATMO) compact countertop device, Banco24Horas max envelope-free cash deposits, maxGestão cash recycler management for retailers, the Saque Digital cardless QR-code withdrawal, and a mobile app with ATM locator and content hub.
Is banco24horas a public or private company?
banco24horas is a private company. It is currently operating.
When was banco24horas founded?
banco24horas was founded in 1982.
Where is banco24horas based?
banco24horas is headquartered in Barueri, Brazil, in the Latin America region.
How does banco24horas make money?
Three revenue lines are on record. Transaction fees from financial institutions are the primary driver. The others are retail partner fees and maxGestão cash custody services.
Who are banco24horas's main competitors?
Direct peers on record are Rede and Euronet Worldwide. Broad incumbents are NCR Atleos (Cardtronics), Cielo, Diebold Nixdorf, Fiserv and Global Payments. Emerging players are PagBank PagSeguro, StoneCo and Mercado Pago.
Does banco24horas have an API?
No public API is recorded for banco24horas.
What industry is banco24horas in?
banco24horas's product category is Independent ATM Network Services. Its primary akta.pro industry code is FSAMAOAC, ATM Deployers & Managed ATM Services (IAD/ISO), with a secondary code of FSAMAOAJ, Cash Access & Cardless ATM Withdrawal Services. Its NAICS code is 522320 and its SIC code is 6099.