GRGBanking Attends ICCOS Asia 2012 in Manila

GRGBanking attended ICCOS Asia 2012 on October 15-18, Manila, Philippines. The theme of ICCOS Asia this year (International Commercial Cash Operations Seminar) is to bring commercial banks, central banks, CITs/Armored Carriers, Retailers and Casinos together into the cash cycle.

With GRG’s local partner, ECTK Integrated Security Group’s affiliate, Armored Transport Plus, Inc (ATPI), the company showcased its Intelligent Cash Collection Solution (P2801L), an innovation for retail cash collection which optimizes the cash management and develops new business model for CIT and retailer.

Over 210 delegates from 34 countries, including Central Banks, Commercial Banks, Cash Management Companies (including CITs) and supplier took part in the seminar, workshops, and meetings. Many delegates showed their interest in P2801L and some of them said they were impressed by the concept of cassette swapping.

According to Gary Soon, Regional Sales Director for Asia Pacific from GRGBanking, the delegates were very keen to learn the various reference cases of this solution that GRG has obtained worldwide, which truly enabling retailers to increase its store efficiency and thus reducing their overall costs associated with cash handling, as well as, improve their customer experience.

Mr. Soon said “this also sets an important milestone for the cash industry as how retailers can manage the cash logistics chain in a more effective and efficient way, especially when they are under pressure to keep their increasing operational cost down.“


Gary Soon, Regional Sales Director for Asia Pacific from GRGBanking introduced to delegates on ICCOS Asia 2012



ICCOS is the premier global conference for commercial cash distribution and circulation with presentations for the entire currency supply chain: commercial banks, retailers, casinos, CITs/armored carriers and central banks.


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 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.


ATPI started with handling hourly and daily On-Call operations and now operates more than six hundred Armored Transport units. Apart from providing armored units for transporting cash and valuables, ATPI also provides VIP protection services, offering customized armored SUVs for transport - the first provider of its kind in the country.