Diebold Nixdorf Finalizes Joint Venture With China's Inspur Group

Diebold Nixdorf Finalizes Joint Venture With China's Inspur Group
14.11.2016 06:45 am

Diebold Nixdorf Finalizes Joint Venture With China's Inspur Group

ATMs , Infrastructure

 Diebold, Incorporated today announced it has finalized its previously announced joint venture agreement with the Inspur Group. This agreement allows the newly combined Diebold Nixdorf to better provide a complete range of self-service solutions within the China market, including automated teller machines (ATMs), non-cash terminals and kiosks, in accordance with Chinese regulations. Also, Diebold Nixdorf will serve as the exclusive distributor outside of China for all products developed by the new joint venture, which will be sold under the Diebold Nixdorf brand.

Following closing of the transaction, Diebold Nixdorf will hold a 40 percent minority interest in the joint venture, initially announced by Diebold, Incorporated on Dec. 18, 2015.  

Related News

Most countries see growth in ATMs despite pressure from cashless payments

Payment cards and other cashless payment methods are reducing demand for cash, but many countries and sectors remain heavily cash dependent

Fall in... Read more »

Recycling ATMs in Latin America to treble by 2024

Deposit automation and recycling terminals are revolutionising the way banks operate across the globe, allowing routine transactions to be migrated from the teller to self-... Read more »

Brattleboro Savings & Loan Selects NCR to Elevate Digital Banking Experience

NCR (NYSE: NCR), a global enterprise technology provider for the financial industry, today announced that Vermont-based Brattleboro Savings & Loan (BS&L) chose NCR to... Read more »

Fintech Paymentology goes live with fastest certification for Hong Kong’s 3,000 ATMs

Leading paytech, cloud based payment processor Paymentology, has achieved certification in record time from Jetco, the consortium of thirty leading banks in Hong Kong and Macau... Read more »

Belgian Banking Joint Venture JoFiCo Chooses Diebold Nixdorf As Its Sole Partner In Comprehensive ATM As A Service Agreement

Diebold Nixdorf, a global leader in driving connected commerce for the banking and retail industries, announced today it signed an ... Read more »

Discover remains the most widely accepted card scheme worldwide

The influence of China on global card acceptance is shown by the fact that Discover is accepted at more outlets than Visa and Mastercard as a result of agreements with... Read more »

Magazine
ALL
Free Newsletter Sign-up
+44 (0) 208 819 32 53 +44 (0) 173 261 71 47
Download Our Mobile App
Financial It Youtube channel