IBA Group Launches Currency Exchange Terminal with Coin Payout

First Currency Exchange Terminal with coin payout function in BelarusThe first currency exchange terminal with a coin payout function available in self-service mode was launched at Belarusbank in Minsk, Belarus. The equipment and the software are developed by the Belarusian development centers of IBA Group.

The currency exchange terminal enables the users to exchange US dollars, euros, and Russian rubles for Belarusian rubles using cash in a self-service mode. The unique device allows for receiving both Belarusian banknotes and coins from the currency exchange terminal. To this end, the terminal is equipped with a dispenser for banknotes and a hopper for coins. The current exchange rates set by the bank as well as the banknote values allowed for acceptance are displayed on the screen.

A unique technology of Japan Cash Machine (JCM) is used for correct operation of the currency exchange terminal. This technology makes it possible to receive and store the information about accepted banknotes and customers who performed transactions.

To date, the only currency exchange terminal in Belarus is installed in the Stolitsa shopping mall on Nezavisimosti av., 3-2.

See also:

IBA Payment System

Automatic Teller Application Maintenance

BelVEB Budgeting System

Smart Banking Application

IT Europa's European IT & Software Excellence Awards recognize IBA-developed fare collection system (AFC) for Minsk public transport as best Vertical Solution of the Year


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