BOC has awarded contracts to GRG Banking Equipment Co Ltd for new automated teller machines and ATM management software.
GRGBanking, the top ATM supplier in China, won two multi-million dollar contracts amounting to US$66.5 million last December. It said the contracts will have a positive impact on its 2011 revenue and profit.
Previously, BOC awarded GRGBanking two contracts worth $27.9 million in August 2011.
With headquarters in Guanzhou, GRGBanking has over 66,000 ATMs deployed worldwide in more than 60 countries. It is a provider of currency recognition and cash processing solutions and specializes in the development and manufacture of ATMs for financial institutions and retailers.
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