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Wednesday, July 20, 2011

CWG, Wincor Nixdorf sign 600 ATM deal

The Computer Warehouse Group (CWG) and Wincor Nixdorf have entered into a 600 deal for Automated Teller Machines.

Consummating this deal at the Federal Capital Territory (FCT) Abuja at the weekend, during the German/Nigerian Economic Forum, the two companies resolved to jointly support the expansion of retail banking in the country, especially with innovative self-service technologies.

The group chief executive officer, CWG, Mr. Austin Okere said that the forum enabled his firm to seal a deal with Wincor Nixdorf for 600 ATMs to be delivered in the next few months.

This order, Okere said would enable CWG to deliver to Nigerian banks without delay any time an order is placed.

“We plan to supply Nigerian banks with these systems promptly – without any lengthy delivery and transit times,” he said.

Also speaking, the Director, Europe, Middle East and Africa (EEMEA) Banking Division at Wincor Nixdorf, Ms Isabel Nitz, said that Nigeria has become an attractive emerging market.

“We are set to invest more in our partner network here and in optimizing service processes,” she said, adding that it is Wincor Nixdorf’s objective to support customers all over the world in business expansion.

Equally, she said that the company plans to collaborate with local partners to pursue this successfully.

According to her, in a press statement made available by head, corporate communications at CWG, Mr. Chidi Okpala, one of Wincor Nixdorf’s key strengths is the development of innovative solutions in teamwork with customers all over the globe.

This approach, she said, has already been successful in such areas as cash recycling, cash and check deposits, and the rollout of multichannel software.

“Wincor Nixdorf will be making innovative technologies such as these available in the future to the Nigerian banking market,” she assured, stressing that as one concrete example, Wincor Nixdorf is working on test installations with cash recycling systems, which validate deposited Nigerian naira banknotes before making them available again for withdrawal.

Noting that secure automation of cash processes in the cash-heavy Nigerian economy is also one of the goals pursued by the Central Bank of Nigeria (CBN).

She pointed out that the cost of cash handling has continued to rise and will, according to Central Bank estimates, reach N192 billion by next year end.

“With its new portfolio of Cash Cycle Management solutions, Wincor Nixdorf offers solutions that reduce the cost of cash handling, going far beyond the issue of cash recycling and optimizing processes along the entire cash logistics chain,” she said.

Ms Nitz said that the advantages this brings include significant cost reductions, far greater security as well as optimal and transparent processes; even as Wincor Nixdorf is also ready to implement the Central Bank’s goal to roll out more cashless payment processes.

“We can also offer extensive know-how coupled with solutions for processing electronic payments,” Nitz said.

She expressed confidence that Wincor Nixdorf considers itself optimally positioned in the Nigerian banking market, with the 23 of the nation’s 25 banks already installed automated teller machines from the German supplier.

This, she emphasised is key to consolidation of the banking landscape, just as the number of installed ATMs have risen since they entered Nigerian market in 2002, whereas over 4,000 Wincor Nixdorf systems have been installed.

Remmy Nweke
ITREALMS Online ... delivering news for ICT4D

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