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Russian bank introduces self-service cash recyclers

Categories : Cash is efficient, Innovation contributes to the efficiency of cash
April 11, 2017
Tags : ATMs, Cash recycling, collaboration, Commercial bank, Russia
Russia's Post Bank will be the first bank to deploy self-service ATMs with cash recycling properties in partnership with Diebold Nixdorf.
Communication Team / Equipo de Comunicación

Russian Post Bank will partner with Diebold Nixdorf to enhance its ATM fleet and offer self-service cash recycling machines. Diebold Nixdorf’s local distributor Terminal Plus is set to supply 3,200 cash recyclers that will be installed in post office branches across the country in an effort to expand the bank’s retail banking network.

The new system will allow Post Bank to reduce the number of traditional cashier stations as all cash transactions including loan grants, deposits and settlements will be available to customers on a self-service basis. Four thousand cash recycling machines should be operational by 2018.

Post Bank is the first Russian bank that decided to modernise its entire self-service network by embracing recycling technology. The collaboration with Diebold Nixdorf will enable the financial institution to increase its presence especially in remote areas and small villages across Russia.

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