Even though electronic methods of payment abound, the use of cash is still prolific. This means many industries – banking, CIT, retail and transport, for example – still have to manage and process considerable volumes of coins and notes every day.
Banknotes and coins still remain the most widely used payment instrument in Europe varying between 60% and 80% of the total cash transactions. Since the introduction of the Euro its circulation has grown with an average of around 7% / year.
As cash is and will be a big part in the economy for the future it is important to provide systems and solutions to deliver at first, the security and safety to protect merchants and personnel. This combined with improved efficiency and productivity of the cash cycle as such in order to reduce costs