Over the years, I have found it interesting and informative to follow the adventures of new companies as they start to make a name for themselves. About a year ago I was introduced to a company out of China called GRG Banking. Although they are not “new” in the true sense of the word, they are new to those of us whose focus is mainly in the west. Although they were first established in 1999, it wasn’t until 2010 that they came on the western radar as a serious contender in the international cash processing market. In 2010 they were awarded a very significant contract with a Bank in Turkey, which officially ended there exclusive activity in the asian markets. GRG Banking is now spreading it’s influence on a global basis having established international presence in Africa, Europe, North America, Central America and South America. In recent years they have released facial recognition capabilities as well as intelligent cassette swapping finctionality to answer the growing global demand for more automated cash recycling solutions.

Although I am still learning about this impressive vendor, I see them as a viable contender in what has before now been mostly a two horse race. Traditionally NCR and Diebold have dominated the global cash processing market. Wincor Nixdorf and a few others have vied for third place, but I think that the late comer could give them all a run for their money. This is definitely a company worth keeping your eye on, whether you are looking to expand your cash processing hardware fleet or just looking for a strong international investment to bolster your stressed western investment portfolio!