The French Competition Authority is investigating Batopin

An investigation by the Belgian Competition Authority is underway regarding Batopin, the project which brings together the four major banks to organize a network of neutral ATMs, Economy Minister Pierre-Yves Dermagne said on Wednesday. in committee of the House.

Belfius, BNP Paribas Fortis, KBC and Ing joined forces last year to eventually provide a network of neutral ATMs. But, on the ground, many fear that the operation will result in a drastic reduction in the number of these devices.

“Batopin will have to show that its project is in compliance with competition law”, underlined Mr. Dermagne who also wants to know if the four banks can demonstrate the benefit of such a project for consumers. The minister says he has received numerous complaints from citizens.

Consultation is also planned with the National Bank and the financial sector.

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