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Wincor Nixdorf seals China ATM deal

German ATM supplier Wincor Nixdorf has completed a deal to supply 700 cash machines to China's Postal Savings and Remittance Bureau (PSRB).

Finextra reports that PSRB is the fifth largest savings institution in China, and the 700 ATMs will be rolled out across 18 Chinese provinces over the course of 2006.

The PSRB is also set to offer contracts to other suppliers of ATM equipment, but the report says that Wincor has the lion share of the work. PSRB serves 270 million customers via 30,000 branches.