Citigroup boosts Chinese ATM deployments

Citigroup boosts Chinese ATM deployments
October 12, 2006

China Daily: Foreign banks in China have accelerated the expansion of their ATM networks as they prepare for the full opening of the country's retail-banking sector at the end of the year.

Citigroup Inc., the world's biggest financial-service company, teamed with 7-Eleven licensee Guang Dong Sai Yi Convenience Stores Ltd. to install ATMs in select convenience stores in southern China. Citigroup is the first foreign bank to sign such a deal.