2024-10-25 19:37:00
SONECT, a pioneer in digital cash solutions and banking enablement, is pleased to announce its strategic plan to expand through a franchise model in the European Union and other international markets. As access to cash and digital banking become increasingly important, SONECT’s model aims to connect more local businesses and communities by turning stores into secure and accessible ATMs.
The company offers a win-win solution for local businesses by enabling retailers and non-financial businesses to offer in-store cash withdrawals or a choice of banking services. With this franchise approach, SONECT will take this unique model to new heights to meet the growing demand for convenient cash and banking solutions in the EU and worldwide.
“We see great potential in expanding through a franchise network. It allows us to build an international community of local partners, all committed to improving the convenience and security of cash access and banking services,” said Konstantinos Birtachas, CEO of SONECT. “With this model, we give local entrepreneurs the opportunity to join us “Our vision is to make our services universally available, anywhere, anytime.”
SONECT can be integrated into existing bank apps so that bank customers can withdraw cash directly from retailers and chain stores. Additionally, SONECT has a standalone app that allows individuals to send money around the world via Cashlinks and withdraw cash at partner endpoints.
The Switzerland-based company is looking for franchisees who are passionate about digital financial solutions, committed to customer service and ready to take part in this transformative journey. Franchisees gain access to SONECT’s advanced platform, support resources and the ability to successfully establish accessible ATMs in their communities.
For more information about franchise opportunities, visit sonect.net.
If you are interested in becoming a regional franchise partner: office@sonect.net
If you are interested in turning your business into a cash dispensary: integrations@sonect.net
Information about SONECT
SONECT is a Swiss technology company and EWI known for its pioneering role in combining digital and physical cash access. The Sonect app, which can be downloaded from anywhere in Europe via the App Store or Google Play Store, allows users to find stores near them that offer cash withdrawals, turning local stores into cash machines. Sonect currently operates in Switzerland and Italy and has ambitious plans for global expansion in the European Union and other countries. By empowering local retailers to offer cash and banking services, SONECT bridges digital solutions and everyday cash needs, promoting financial inclusion and convenience.
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Interview with Konstantinos Birtachas, CEO of SONECT
Editor: Thank you for joining us today, Konstantinos. SONECT has made headlines with its new franchise model. Can you elaborate on what led to the decision to expand this way in the European Union and beyond?
Konstantinos Birtachas: Thank you for having me. The decision to expand through a franchise model stems from the growing demand for convenient cash access and digital banking services. As we see more consumers seeking flexibility and security in their banking options, we believe that partnering with local businesses can create a significant impact. This model allows us to tap into existing community networks and make cash withdrawal services accessible at a greater scale.
Editor: That sounds intriguing! How exactly does your franchise model provide benefits for both SONECT and the local retailers?
Konstantinos Birtachas: Our franchise model is designed to be mutually beneficial. For retailers and non-financial businesses, becoming an in-store cash withdrawal point means they can attract more foot traffic and diversify their service offerings. They effectively become secure, accessible ATMs, all while increasing customer engagement. For SONECT, partnering with local entrepreneurs expands our reach and strengthens our brand presence in various markets by embedding our services within communities.
Editor: You mentioned integrating SONECT into existing bank apps. Can you explain how that will streamline the process for customers?
Konstantinos Birtachas: Absolutely. By integrating our services into bank applications, customers can withdraw cash directly from partnered retail locations. This not only provides them with immediate access to cash without the need for a traditional ATM, but it also allows for a seamless banking experience. Customers can see their withdrawal options through their bank’s interface, providing transparency and convenience. This is about meeting our customers where they are.
Editor: It sounds like a forward-thinking approach to cash access. What is your long-term vision for SONECT, particularly within the European market?
Konstantinos Birtachas: Our long-term vision is straightforward: to make our services universally available, anywhere, anytime. We want to ensure that whether you’re in a bustling city or a small town, you have easy access to cash and banking services. By expanding our franchise model, we believe we can create a network of local partners dedicated to enhancing convenience, security, and access to cash in communities across Europe and beyond.
Editor: Thank you, Konstantinos. It’s exciting to see how SONECT is evolving to meet the needs of local businesses and consumers alike. We look forward to following your progress!
Konstantinos Birtachas: Thank you for the opportunity to share our vision. We’re excited for what lies ahead!
Thdraw cash directly from their favorite local stores, just as they would from an ATM. This integration not only simplifies the process but also allows users to access cash in a familiar and secure environment. Our goal is to enhance the customer experience by ensuring that cash is readily available, eliminating the need for a separate trip to a traditional ATM, and providing more options for where and how to manage their money.
Editor: Fascinating! What do you see as the potential impact of SONECT’s expansion on financial inclusion in the regions you are targeting?
Konstantinos Birtachas: Financial inclusion is at the heart of our mission. By partnering with local businesses to provide cash access, we empower communities that may struggle with traditional banking services. Our approach makes it easier for individuals, especially in underserved areas, to access their funds and engage in commerce without the barriers often associated with digital banking. We believe that by bringing cash access directly into communities, we can help bridge the gap in financial services.
Editor: You’ve mentioned that you are looking for passionate franchisees. What qualities are you seeking in potential partners to ensure the success of the franchise model?
Konstantinos Birtachas: We’re looking for franchisees who are not only enthusiastic about digital financial solutions but also have a strong commitment to customer service and community engagement. Ideal partners should be proactive, innovative, and ready to embrace the evolving landscape of banking and cash access. Additionally, we believe that local knowledge and a passion for enhancing the customer experience are crucial to thriving within our franchise network.
Editor: Thank you, Konstantinos. It’s clear that SONECT’s vision and franchise model offer exciting opportunities for local economies. We look forward to seeing how your expansion unfolds!
Konstantinos Birtachas: Thank you for the opportunity to share our vision! We’re excited about the journey ahead and the positive impact we can make together with our future franchise partners.
