hit tracker
Saturday, June 10, 2023
HomeTrendingRussian banks switch to Chinese ATMs

Russian banks switch to Chinese ATMs

Date: June 10, 2023 Time: 13:54:10

In Russia, outdated ATMs have been replaced with more modern machines. There are now 187,500 of them as demand grows, but not all ATMs can take new banknotes.

Although a tender has been announced for the supply of ATMs at Ak Bars Bank, the Chinese company GRG won the bid. The first ATM will appear on the network in early autumn, according to Izvestia.

Post Bank already has ATMs made in China, and VTB is testing foreign devices, including those from China. Zenit and UBRD are considering Chinese and Korean ATMs for their banking needs.

Representatives of three banks were interviewed and said that they allow the purchase of new ATM machines.

Transitioning to Chinese ATMs won’t change the quality of service for consumers either. Some banks already have experience with the current devices, so they will be familiar with the transition and have time to invest in upgrading their similarly-sized machines.

The Bank of Russia introduced a new 100-ruble note that has an updated design at the end of June. The central side of the banknote showcases the Spasskaya Tower in Moscow and the soldier’s monument in Rzhev. A new design is already put into circulation, the Central Bank specified.

A new design of the 100 ruble note has been released, with a prominent building on the obverse – the St. Basil’s Cathedral. Presently, many experts are criticizing the decision to make changes to Russia’s paper currency.

Kevin Kennedy
Kevin Kennedy
Kevin Kennedy is an associate editor for ePrimefeed covering latest news, economy and movie.

Most Popular

Recent Comments