TMCnet: GRG Banking Equipment Co. Ltd. says it aims to capture more than 25 percent of China's ATM market share in 2008, making it second in the Chinese ATM industry. GRG is now third in the market with a 16.5 percent market share. GRG says its ATM sales in China are expected to be around 7,400 units this year, while its market share worldwide will rise to more than 2 percent, up from 1.2 percent in 2006. The demand for ATMs in China is strong, according to China UnionPay Co. Ltd., the predominant electronic payment service company. Between 2000 and 2006, Chinese financial institutions showed robust purchasing power for ATMs. The country's annual ATM sales volume rose 17.3 percent from 2005 to 2006. Read more
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