First Self-Service Bank Branch in Sudan Uses Chinese Payment Kiosk From GRGBanking

KHARTOUM, April 15, 2013 (GLOBE NEWSWIRE) — GRGBanking Equipment Co., Ltd. (“GRGBanking”) today announced that Faisal Islamic Bank (Sudan) launched the first automated self-service banking branch in Sudan. Field Marshal Omar Hassan Ahmed Al-Bashir, President of the Republic of Sudan and Prince Dr. Mohamed Al-Faisal Al-Saud, Chairman of the bank, as well as officials from local government attended the launching ceremony of the New Riyadh Center for the bank which includes a self-service branch.

Officials of the bank said the new branch has deployed the Self-service Payment Kiosk K20 from GRGBanking, the top ATM manufacturer in China. The K20 allows all the local unbanked clients to enjoy the benefits of self-service banking like electricity payment, balance charging, bill payments including even all E-government applications.

K20 is an innovative cross-functional self-service payment machine that revolutionizes traditional payment transactions. The machine features a high speed note acceptor, and supports 24/7 access to bill payment, transfer, prepaid card top-up, card issuing as well as other non-cash banking services.

Christopher Holroyd, Regional Sales Director for Africa from GRGBanking, said “We at GRG understand that despite the large numbers of unbanked people in some African countries, other areas in Africa lead the world with advanced banking solutions. So apart from our traditional services, GRGBanking in Africa will be providing more unique offerings and services like cardless payments and mobile banking structures to meet the needs of our local African public.”

About Faisal Islamic Bank

Faisal Islamic Bank (SUDAN) was established in 1977 by 86 Sudanese and Saudi founders as well as other nationals of some Islamic States. Located in Khartoum, Sudan, the bank conducts all forms of banking activities, financial, commercial, investment, and participates in economic development and social projects.

About GRGBanking

GRGBanking is a leading provider of currency recognition and cash processing solutions in the global market. GRG is the number one ATM manufacturer in China and is rapidly expanding access to its products to a worldwide market due to GRG’s ability to respond quickly to a rapidly changing market with leading edge products like GRG’s Cash recycling technology and Video Teller Modules for self-service banking halls.

GRG specialize in the development/manufacturing of Automatic Teller Machines(ATM) and cash handling devices for financial institutions and retailers, Automatic Fare Collection(AFC) devices for railway or underground systems for over 20 years.

CONTACT: Benny Huang