DongA Bank to Build Largest Cash Recycler Network in Vietnam with GRG H68N Serie


Guangzhou, China, June 20, 2013 - DongA Joint Stock Commercial Bank signed a contract with GRGBanking on purchasing 250 units of cash recycling machine H68N Series. The Bank said it's “the biggest ever cash recycling ATM order in Vietnam” and is expected to deploy the largest cash recycler network within the country by 2014.


Mr. Tran Phuong Binh, CEO of DongA Bank and Mr. Mark Yip, Managing Director of GRGBanking signed the contract in GRG’s headquarters. The Bank delegation also saw the latest Video Teller Machine and other financial self-service equipments in GRG showroom.


As one of the most innovative banks in Vietnam, DongA Bank is about to apply GRG’s SeNT (serial number tracking) technology to the 250 cash recyclers. SeNT is an open platform for banknote tracking, which means serial number of each processed note can be tracked together with customer’s ID. It provides effective proof for any dispute or criminal activity.



The cash recyclers (the machine model in the middle) of DongA Bank are expected to provide ATM receipt with banknote serial numbers by 2014



Mr. Tran Phuong Binh commented, "DongA Bank is always looking for the latest ATM technology for applying to Vietnamese market. Cash recycling is one of our ATM strategies in 2013 and the coming years".


The H68N series are cutting-edge cash recyclers, which shift heavy counter transactions and frequent cash replenishment to self-service and self-replenishment zone. With high capacity, Serial Number Tracking technology, biometric authentication and coin dispensing features, they are capable of supporting big volume transactions, delivering advanced and reliable service to customers, and extending banking channel and value-added service for different scenarios.


About DongA Commercial Bank

Established on 1st July, 1992, DongA Joint Stock Commercial Bank is proud of 21 years for a stable operation and sustainable development. Together with the general national economic growth, DongA Bank has chosen itself a direction, appropriate with specific goals in each period. DongA Bank is also a leading bank in applying the state of the art of banking technology into its general customer services; it is the unique bank in Vietnam to successfully deploy the “gold ATM” which is the one allowing gold transactions.


About GRGBanking

GRGBanking is a leading provider of currency recognition and cash processing solutions in the global market with great potential and rapid development. GRG specialize in the development/ manufacturing of Automatic Teller Machine (ATM) for financial institutions and retailers, Automatic Fare Collection (AFC) devices for railway or underground systems, as well as other currency recognition and cash processing equipment, modules and systems for over 20 years. Besides, GRG’s various Multi-Channel Software Solutions and Services cover the needs of the financial industry, retail, transportation, payment, self-service, cash automation, cash management outsourcing and managed services, customized for different customers around the world.