GRGBanking Equipment Co., Ltd. announced that it has received the notice from Bank of China, confirming GRGBanking as the supplier of cash dispensing ATM and cash recycling ATM for the bank’s self-service banking equipments procurement in 2014.
The total contractual value hits about CNY 299 million (USD 48.86 million).
According to GRGBanking, the fulfillment of the contract will have a positive impact on its revenue and net profits in 2014.
GRGBanking is a leading provider of currency recognition and cash processing solutions in the global market with great potential and rapid development. GRG specializes 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.