GLORY Leads in Retail Cash Recycling Solutions
According to the latest study from RBR Data Services, GLORY continues to hold a commanding position within the retail cash recycling market. Excluding Japan, the company boasts an impressive 44% market share, which climbs to 68% when Japan is included. The Global Retail Cash Automation study has revealed that GLORY dominates deployment at both points of sale and within back offices, with significant market shares of 40% and 54%, respectively.
Enhancing Customer Experience Through Automation
To streamline processes and improve customer service, retailers across various segments are increasingly adopting cash automation technologies. Cash recyclers offer numerous advantages, including faster float preparation, simplified end-of-day cash reconciliation, reduced cash shrinkage, better counterfeit detection, and optimized cash collection and delivery scheduling.
Insights from GLORY’s Leadership
Toshimitsu Yoshinari, President of GLORY’s International Business, expressed satisfaction with the findings of the study, stating, “This independent research confirms that retailers globally trust GLORY to enhance their customer experience through cash automation. Providing customers with payment options is essential, and our cash recyclers help retailers achieve this securely and efficiently.”
GLORY’s Diverse Product Range
GLORY offers a versatile range of CASHINFINITY™ cash recycling solutions to accommodate diverse retail needs, from small convenience stores to large hypermarkets. Their portfolio also includes UBIQULAR™ Digital Services, featuring enterprise-level software solutions that facilitate remote monitoring and management of devices, along with business intelligence tools designed to enhance retailers' core operations.
Consultancy and Return on Investment
The GLORY Professional Services Consultancy provides comprehensive expertise to ensure customized deployments, which optimize the return on investment for their clients from project inception to completion.
Market Growth Projections
The research anticipates significant growth for cash recycling solutions in retail, forecasting a compound annual growth rate (CAGR) of 10.5% from 2024 to 2029, without including Japan. The study reflects the increasing reliance on cash automation technology across multiple retail sectors.
About GLORY and Its Global Reach
GLORY stands tall as a premier provider of cash technology solutions across financial, retail, cash center, and gaming sectors. The company assures its clients worldwide that their cash handling processes are secure and efficient, enhancing overall business operations.
Operating in over 100 countries, GLORY’s cash automation technologies and engineering services are designed to optimize cash handling and management, significantly improving staff efficiency and reducing operational expenses. With a team of over 11,000 professionals and extensive research and manufacturing capabilities, GLORY is committed to a customer-focused approach driven by technology that has evolved for nearly a century.
Frequently Asked Questions
What is the market share of GLORY in retail cash recycling?
GLORY holds a 44% market share in retail cash recycling solutions, which increases to 68% when including Japan.
What advantages do cash recyclers offer retailers?
Cash recyclers provide benefits such as reduced time for cash preparation, enhanced counterfeit detection, and improved cash management efficiency.
Who is the President of GLORY’s International Business?
Toshimitsu Yoshinari is the President of GLORY’s International Business.
What is GLORY’s approach to customer engagement?
GLORY engages personally with each customer to address their unique challenges, helping enhance efficiency and customer experiences.
In which countries does GLORY operate?
GLORY operates in over 100 countries around the world, providing cash technology solutions across various industries.
