Company Information

Get to know Spark ATM Systems

Founded in 2005 in Cape Town, Spark ATM Systems established itself as the premier independent ATM deployer (IAD) in South Africa. The company's core business revolves around the installation, maintenance, and management of ATM terminals in various retail, hospitality, and convenience locations, thereby increasing access to cash for consumers and driving foot traffic for merchants. In 2017, Spark ATM Systems was acquired by Cardtronics, a global leader in ATM services, which was subsequently acquired by NCR Corporation in 2021. This has integrated Spark into a worldwide network of financial self-service technology and services.

Industry

Financial Electronic PaymentPRIMARY
Financial Banking
Financial Other Service

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Spark ATM Systems

South Africa

Founded in

2005 (21 Years)

Founded

Last online: No recent activity

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2017

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License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.