According to TOSAN Techno’s strategies, this company has to find technologies and solutions related to the concept of Branch Transformation in the path of digital banking development. In this regard, TOSAN Techno’s ATM Recycler, as one of the new banking solutions in IRAN, is now being developed by a group of TOSAN Techno experts.

TOSAN Techno is the only manufacturer and largest provider of cash and payment machines installation and support services in the country. TOSAN Techno has managed to have the highest market share among the active banking hardware companies by installing more than 700 of these banking machines.

The company has already installed ATM Recyclers in 7 different banks in IRAN. Bank Melli IRAN, Eghtesad Novin, Ayandeh, Saman, Ansar, Shahr, and Hekmat Iranian are the banks that currently offer these machines and will soon see more of them installed and operated by different banks across the country.

The most recent successful installation of these machines has been done in Saman Bank over the past two months, according to statistics from early August, and the launch of these 8 machines at Saman Bank by mid-September has led to more than 5000 deposit transactions. Also, in terms of money, a total of more than 42 billion riyals of cash has been deposited into customer accounts through these 8 devices, which together show the people’s acceptance of these machines.

However, published statistics show about 40% of ATM operating costs are related to cash management in the world and this cost is up to 47% of ATM operating costs in IRAN. At the same time, with cash machines, the operating cost of ATMs is reduced and the rate of return on investment increases.

TOSAN Techno plans to replace ATMs with their new generation of cash recyclers machines over the long term. TOSAN Techno’s extensive support network nationwide and employing experienced staff in provincial offices, working with banks such as Bank Melli IRAN, Eghtesad Novin, Ayandeh, Saman, Ansar, Shahr, and Hekmat Iranian as leading banks in this field, are the facts to initiate projects for installing and operating ATM Recyclers for other banks and financial institutions.