South Korea's Lotte orders Wincor Nixdorf cash recycling systems

Source: Wincor Nixdorf

Lotte PS Net, the largest retail company in South Korea, has ordered 1,000 CINEO cash recycling systems from Wincor Nixdorf.

This is Wincor Nixdorf's first major CRS order in South Korea. Lotte is significantly expanding its cash machine network, which already comprises around 4,000 cash recycling systems, in a project lasting until 2013. The rollout of the systems has already started, in particular in the Seoul metropolitan area, with around 200 new systems being installed every month.

After extensive testing Lotte opted for technology from the leading IT solution provider for retail companies and retail banks. The crucial factors in choosing the CINEO C4040 systems were their quality including its high availability, the small footprint and innovative security concept that effectively prevents tampering. Lotte was also convinced by another aspect of this new generation of devices, namely the technology allowing cash cassettes to be exchanged between the individual systems and other CINEO models that are available. This opens up new cash handling opportunities between the retail and the self-service ISO environment of the Lotte organization.

Cash recycling technology, which enables deposited and validated banknotes to be dispensed again, is already well established in South Korea. The interval for replenishing such systems is extended considerably by, among other things, small-scale retailers depositing their daily proceeds in them. 

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