OKI Delivers ATM-Recycler G7 Cash-Recycling ATM to Bank Central Asia in Indonesia

Tue Mar 5, 2013 9:45pm EST

* Reuters is not responsible for the content in this press release.


- Positive assessments of high-reliability and functional expandability lead to
first installation in Southeast Asia -
TOKYO--(Business Wire)--
OKI (TOKYO:6703) today announced the delivery of cash-recycling ATMs,
ATM-Recycler G7, to PT Bank Central Asia Tbk (hereinafter referred to as BCA),
the largest private bank in Indonesia. Scheduled to start installations August
2013, these deliveries follow ATM-Recycler G7 installations in Russia announced
last year, and will mark OKI's first delivery of its cash-recycling ATM in
Southeast Asia. Capitalizing on recent achievements in the overseas market, OKI
plans to accelerate global sales development of its ATMs and aims for 40% market
share in the global ATM market, namely in emerging markets, where continuing
growth is expected. 

Economic growth continues in Indonesia and installation of ATMs and CDs (cash
dispensers) reached 50,000 units in 2011, the largest in South East Asia. The
number is expected to continue expanding to 80,000 units by 2015 following the
economic growth. Capitalizing on delivery to BCA, OKI will seek to expand sales
to other financial institutions and in turn, increase market share in the
Southeast Asian ATM market. 

"BCA currently operates approximately 10,000 units of ATMs and CDs. Committed to
utmost customer satisfaction, we are enhancing services through various channels
including the Internet and mobile," says Armand W. Hartono, Managing Director of
BCA. "We are proactively introducing automated equipment and innovative
technologies; as part of these efforts, we ran a pilot project of OKI's
ATM-Recycler G7 from May to December 2012. We were pleased with its
high-reliability and future expandability to recycling functions, leading to
installation of these units." 

"OKI's ATM-Recycler G7, available since 2010 to the global market, has gained
strong track records, for instance, in China where its has achieved top share of
cash-recycling ATMs," says Shinya Kamagami, Senior Vice President and General
Manager of OKI's Systems Hardware Business Division. "A single ATM-Recycler G7
handles 128 banknote denominations of multiple currencies and uses deposited
banknotes for withdrawals, leveraging its cash-recycling function to reduce
banknote management and operational costs compared to cash dispensers and
non-cash-recycling ATMs." 

About Bank Central Asia (BCA)

Founded in 1955, Bank Central Asia operates in most financial markets such as
retail, corporate loans, credit cards and financing. It is the largest private
bank in Indonesia in terms of total assets, equity capital, number of customers
and loan assets. The bank has a retail customer base of 10 million and holds 944
footholds within and outside Indonesia (including Singapore and Hong Kong). 

About OKI Electric Industry (OKI)

Founded in 1881, OKI Electric Industry is Japan's leading telecommunications
manufacturer. Headquartered in Tokyo, Japan, OKI provides top-quality products,
technologies, and solutions to customers through its info-telecom systems and
printer operations. Its various business divisions function synergistically to
bring to market exciting new products and technologies that meet a wide range of
customer needs in various sectors. Visit OKI's global website at


* The names of the companies and products mentioned in this document are the
trademarks or registered trademarks of the respective companies and

OKI Electric Industry
Sonomi Kitamura, +81-3-3501-3835
Public Relations Division

Copyright Business Wire 2013

Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.