|By Business Wire||
|March 5, 2013 09:45 PM EST||
OKI (TOKYO:6703) today announced the delivery of cash-recycling ATMs, ATM-Recycler G7, to PT Bank Central Asia Tbk (hereinafter referred to as BCA), the largest private bank in Indonesia. Scheduled to start installations August 2013, these deliveries follow ATM-Recycler G7 installations in Russia announced last year, and will mark OKI's first delivery of its cash-recycling ATM in Southeast Asia. Capitalizing on recent achievements in the overseas market, OKI plans to accelerate global sales development of its ATMs and aims for 40% market share in the global ATM market, namely in emerging markets, where continuing growth is expected.
Economic growth continues in Indonesia and installation of ATMs and CDs (cash dispensers) reached 50,000 units in 2011, the largest in South East Asia. The number is expected to continue expanding to 80,000 units by 2015 following the economic growth. Capitalizing on delivery to BCA, OKI will seek to expand sales to other financial institutions and in turn, increase market share in the Southeast Asian ATM market.
"BCA currently operates approximately 10,000 units of ATMs and CDs. Committed to utmost customer satisfaction, we are enhancing services through various channels including the Internet and mobile," says Armand W. Hartono, Managing Director of BCA. "We are proactively introducing automated equipment and innovative technologies; as part of these efforts, we ran a pilot project of OKI's ATM-Recycler G7 from May to December 2012. We were pleased with its high-reliability and future expandability to recycling functions, leading to installation of these units."
"OKI's ATM-Recycler G7, available since 2010 to the global market, has gained strong track records, for instance, in China where its has achieved top share of cash-recycling ATMs," says Shinya Kamagami, Senior Vice President and General Manager of OKI's Systems Hardware Business Division. "A single ATM-Recycler G7 handles 128 banknote denominations of multiple currencies and uses deposited banknotes for withdrawals, leveraging its cash-recycling function to reduce banknote management and operational costs compared to cash dispensers and non-cash-recycling ATMs."
About Bank Central Asia (BCA)
Founded in 1955, Bank Central Asia operates in most financial markets such as retail, corporate loans, credit cards and financing. It is the largest private bank in Indonesia in terms of total assets, equity capital, number of customers and loan assets. The bank has a retail customer base of 10 million and holds 944 footholds within and outside Indonesia (including Singapore and Hong Kong).
About OKI Electric Industry (OKI)
Founded in 1881, OKI Electric Industry is Japan's leading telecommunications manufacturer. Headquartered in Tokyo, Japan, OKI provides top-quality products, technologies, and solutions to customers through its info-telecom systems and printer operations. Its various business divisions function synergistically to bring to market exciting new products and technologies that meet a wide range of customer needs in various sectors. Visit OKI's global website at http://www.oki.com/.
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