Good News: GEIT Shortlisted for High-Speed Bulk Cash Deposit & Withdrawal Machine Procurement Project of Gansu Rural Credit Union

Recently, the company received the official notification of successful bid shortlisting for the Supplier Procurement Project of High-Speed Bulk Cash Deposit & Withdrawal Integrated Machines from Gansu Rural Credit Union (referred to as “Gansu Rural Credit”). GEIT has been successfully selected for this high-speed bulk cash handling machine project.

GEIT’s high-speed bulk cash deposit machines support customized modular configurations to meet diverse business needs. By integrating financial self-service equipment technology with high-low counter services, the machines support both cash and non-cash transactions, covering approximately 90% of traditional bank counter business.

Affected by labor costs and operational efficiency demands, bank branches are actively undergoing transformation. A key advantage of GEIT’s high-speed bulk cash machines is the migration of high-value cash deposit and withdrawal services to self-service channels. The equipment replaces tellers in banknote verification, counting and sorting. It ensures cash security, improves service efficiency and enhances customer experience, effectively reducing queues during peak transaction hours.

The solution lowers per-transaction and overall operating costs, reduces processing errors, and frees counter tellers to focus on high-value tasks such as customer engagement, investment planning and financial product promotion. This strengthens customer loyalty and marketing capabilities, forming new core competitive advantages under the new normal of transformation and upgrading, cutting costs, boosting efficiency and maximizing banking benefits.

Gansu Rural Credit Union consists of 88 legal entities, including 12 county-level rural cooperative banks, 8 rural commercial banks, 67 county-level unified legal-person credit unions and 1 settlement center. It operates 2,246 business outlets, accounting for 50% of all banking financial institution outlets in Gansu Province, with more than 19,619 employees, accounting for 30% of the province’s total banking practitioners.

Its total assets reach RMB 140 billion, deposits exceed RMB 200 billion, and outstanding loans amount to RMB 211.748 billion. Both the total volume and increment of loans rank first among financial institutions in the province. It has become the financial institution in Gansu with the largest number of outlets, the widest distribution and the largest loan issuance. Its deposit and loan balances have ranked first in the province for five consecutive years.

Gansu Rural Credit Union has issued more than 4.8 million “Flying Card” cards, deployed 635 ATMs and 2,764 POS terminals. It has been awarded theFirst Prize of the Governor’s Financial Award by the Gansu Provincial Government for six consecutive years.

As a comprehensive solution provider with outstanding products and strong brand influence in the financial self-service equipment sector, GEIT has earned high recognition from banking customers for its series of products and solutions. Its professional, timely, comprehensive and attentive services are deeply trusted by clients.

This achievement reflects GEIT’s consistent efforts to uphold its mission:“Innovate through technology, lead financial self-service” – from products and solutions to full-range services. Moving forward, GEIT will continue to improve product quality and service standards, ensure safe and stable operation, and support banks in the construction of intelligent outlets!