ATM deployment at Beijing fuel stations see rapid growth

Diebold, a provider of integrated delivery and security systems, has begun working with China’s Sinopec and local commercial banks to deploy ATMs at Sinopec’s fuel stations in Beijing. Financial institutions, such as China Merchants Bank have shown interest in teaming up with Sinopec to deploy and expand their off-premises ATMs at about a dozen fuel stations. Daniel Hu, vice president and managing director of the north Asia and China operations of Diebold, said: “It is a win-win proposition for all parties involved. With its secure and well-established network in the Beijing area, Sinopec is strengthening its overall competitive advantage in the marketplace by providing more value-added services through this network remodeling initiative.” (September 20, 2007)