GRG Banking

GRG Banking
Public state-owned
Traded as SZSE: 002152
Industry Information technology
Founded 1999
Headquarters Guangzhou, China
Key people
 Youyong Zhao (Chairman of the board of Directors), Ziyu Ye, (Managing Director)
Number of employees
 20,000+
Website www.grgbanking.com Edit this on Wikidata

GRG Banking is a Chinese listed state-owned enterprise, specialized in the financial self-service industry. GRG Banking is engaged in R&D, manufacturing, sales and service, software development for ATMs, AFCs and other currency recognition and processing equipment.

History

GRG Banking is a subsidiary of Guangzhou Radio Group (GRG) that was established in 1957. The Guanzhou Radio Group is a state owned organisation which supplies communication solutions. GRG Banking's predecessor is Guangzhou Yun Tong Technology Engineering Limited which was founded in 1989. It was the first domestic ATM equipment manufacturer in China. In 1999, GRG invested in the financial electronics field with Guangzhou government’s support and set up an independent innovation high-tech enterprise - GRG Banking, which began producing ATM of its own intellectual property rights.

On 1st Nov. 2010 the first Chinese ATM R&D Academy,GRG R&D Academy was founded by GRG Banking. So far, the GRG Banking ATM industry park has become the ATM manufacturing base with the largest ATM production capacity of the world.

In April 2013 GRG banking passed the certification of the French Groupement des Cartes Bancaires CB[1] to be able to sell the DT7000H22Nx (ATM) and the DT7000H68Nx (ATM) to the French market.

In February, 2016 GRG Banking as a provider of currency recognition and cash processing solutions. GRG Banking is the No.1 ATM supplier in China market for 8th consecutive year and top 4 in the world. GRG's products are used in over 80 countries and regions worldwide, with over 220,000 machines installed. GRG's products have been used in Finance, Telecom, CIT, and retail sectors. GRG has set up branch offices or subsidiaries in different countries of different areas including USA, Russia, Iran, Ecuador, Vietnam, and etc.

In the United State, GRG International’s[2] distributor is Cummins Allison Corporation.[3]

Products

Hardware

Services

Notes and references

  1. ↑ "Dernières solutions agréées - Site officiel des Cartes Bancaires CB". Cartes-bancaires.com. Retrieved 2014-04-16.
  2. ↑ https://www.grgatm.com/
  3. ↑ http://www.cumminsallison.com/us/en/products/atm
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