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Gunnebo named No 1 Retail Cash Handling Solutions Supplier in EMEA

Published on Jun 6 2020 2:28 PM

Gunnebo named No 1 Retail Cash Handling Solutions Supplier in EMEA

Premium Cash Solutions (PCS) recently announced that its partner Gunnebo has been named number one in EMEA (Europe, the Middle East and Africa) for its retail cash automation offering.

As the exclusive distributor in Ireland for Gunnebo cash automation products, PCS says that the announcement ‘cements’ its position as the ‘leading provider of cash handling and cash management solutions for the retail industry across the island of Ireland’.

Automation market up 15%
The Retail Cash Automation Report 2020, produced by independent strategic research and consulting firm RBR, is a global study detailing market sizes and supplier shares for four cash handling terminal types – back-office deposit, back-office recyclers, point-of-sale (POS) acceptors, and POS recyclers.

The study highlights Gunnebo as the only provider producing all four of these solutions in EMEA, where it has almost a quarter of the retail cash automation market.

According to RBR, this is a market which has been growing globally – up 15% between 2017 and 2019, with nearly 100,000 additional installations.

“We are delighted to partner with a global leader who we work closely with to deliver the best solutions to our clients from end-to-end cash management systems, improved cash flow offerings, back office solutions and much more,” says Thomas Desmond, head of business development ROI & NI at PCS.

“We are sharing this news with our clients, as we see the appetite for retail cash management solutions growing quickly in the Irish market and acting as a reminder that their cash journey is safe in the hands of the number one market supplier.”

Hygiene cash management
Commenting on the rising demand for hygienic cash management solutions, Christian Weisser, SVP cash management, Gunnebo, says they are “proud that this study confirms Gunnebo as a leading provider of smart cash management solutions.

"We continue to deliver great value to retailers, from cash process optimisation and transaction transparency, to greater security and a better customer experience. Our range of back-office, front-office and full end-to-end solutions reduce the number of touchpoints with cash and maintain the physical distance between shop staff and customers.”

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