GRG Helps Myanmar Public to Have ATM Again After 8 Year of Waiting

Co-operative Bank Ltd., (CB Bank), launched the first ATM to the Myanmar public at its Head Office, Yangon, on Nov 1, 2011. The day indicates likely that every Asian country has ended the time without ATM to use. Myanmar public has waited 8 years to use ATM again. Last time for Myanmar public to have ATM can be dated back in 2003. The bank, which provided that ATM service, stopped it in the same year.

As the first ATM in Myanmar since 2003, it is produced by GRGBanking, the leading provider of currency recognition and cash processing solutions in the global market. The model of all machines is H22NL, a new generation versatile cash dispenser in a compact cost-effective footprint.

The name of the ATM service is “Easi Banking”. Any customer can apply Easi Card at Head Office of CB Bank. With aim of enabling their customer to enjoy easy round-the-clock service of withdraw, check balance, transfer and payment, the bank will installed the other ATM of first phase soon on Wizaya Branch, Mingalarzay Branch and other branches or shopping malls.

Myanmar Information Technology (MIT), GRGBanking’s Myanmar partner helps ensuring the successful running of the ATM. GRGBanking and MIT are developing Myanmar's first national financial switching, as well as, first bankcard and payment card systems named Myanmar Payment Union (MPU) as well.

About CB Bank

CB Bank was first set up as a private, non-public bank in 1992 and was reformed as a public company in 2004 to provide more financial services to the public. CB Bank offers a comprehensive range of innovative banking services and financial solutions in consumer banking, business banking, investment banking, global treasury and investment management, among others. In addition the CB Group has diverse subsidiaries that are involved insurance, financial futures, regional stock broking trustee nominee and custodian services property development and hotel management.

About GRGBanking

GRGBanking is a leading provider of currency recognition and cash processing solutions in the global market with great potential and rapid development. The company 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, the company'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.

About MIT

MIT was founded in 1997 with the objective of promoting ICT industry in Myanmar. Since then, MIT has become a leading software house in Myanmar by providing reliable strategic ICT solutions through highly innovative state-of-the-art technologies for banking, retail, trading, hospitality, manufacturing, healthcare industries as well as government sectors.