GEIT Secures Win: Successfully Awarded SPD Bank's Teller Cash Recycler Qualification Procurement Project

Recently, GEIT received the bid-winning notification for the Teller Cash Recycler (TCR) Qualification Procurement Project from Shanghai Pudong Development Bank Co., Ltd. (hereinafter referred to as "SPD Bank"), marking its successful victory in this prestigious procurement initiative.

To effectively optimize teller cash deposit and withdrawal services, and build a high-performance, flexible, low-risk, and cost-efficient operational management system, SPD Bank's adoption of TCRs will revolutionize its cash handling processes. These advanced devices will automate cash verification, counting, and sorting—ensuring cash security while significantly boosting service efficiency. By relieving tellers from tedious manual cash handling, they can dedicate more time to customer interaction, enhancing user experience and loyalty. Additionally, TCRs will alleviate queuing during peak transaction periods and reduce both per-transaction costs and overall operational expenses for the bank. The integration of TCRs will also strengthen branch operational security, as cash is securely stored in built-in safes.

Established with the approval of the People's Bank of China on August 28, 1992, and officially opened on January 9, 1993, Shanghai Pudong Development Bank Co., Ltd. is a national joint-stock commercial bank listed on the Shanghai Stock Exchange in 1999 (Stock Code: 600000) with its headquarters in Shanghai. Today, SPD Bank operates 41 first-tier branches and nearly 1,700 business outlets domestically and abroad. Its domestic branch network covers all provincial administrative regions in mainland China, while overseas branches include Hong Kong, Singapore, and London. Employing over 55,000 staff, the bank has established a nationwide and international business service network. In recent years, it has steadily advanced its group-oriented development strategy, building a comprehensive financial ecosystem encompassing trust, funds, financial leasing, overseas investment banking, rural banks, and money brokerage services.

As a leading total solution provider with outstanding products and strong brand influence in the financial self-service equipment sector, GEIT has earned widespread acclaim from banking clients for its product performance and practical application effects. Its professional, timely, comprehensive, and thoughtful services have also gained deep customer trust—testament to the company's unwavering commitment to its core mission: "Driving financial self-service through technological innovation." Moving forward,GEIT will continue to enhance product quality, elevate service standards, and ensure the safe and stable operation of its solutions, contributing significantly to the development of intelligent bank branches worldwide.