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Despite India’s government implementing schemes, such as the demonetisation of all 500 and 1000-rupee notes in 2016, to encourage the country to go cashless, there is still high demand for banknotes. According to the Global Cash Index™, cash continues to hold a significant role in Indian culture and is seeing growth rather than decline - cash is still very much king in the region.Commenting on the popularity of cash in the region Marcus Tiedt, Sales & Marketing Director of Innovative Technology Ltd (ITL) said, “With over a billion people living in India a large percentage of them still transact in…

Innovative Technology, cash handling and validation experts, have partnered with several suppliers in the UK to distribute their latest product aimed at making cash payments safer and more hygienic. CashGenic was launched during the height of the COVID pandemic as a solution for those customers wanting to pay by cash safely during a time when coins and banknotes were being unjustly portrayed as high risk in terms of transmission.Tony Morrison, ITL Group Sales Director, commented, “Whilst the World Health Organisation and other institutions found no evidence to confirm that COVID-19 can be transmitted through coins or banknotes, many retailers were…

Innovative Technology Americas, Inc. welcomes Lauren Fabbri, Business Development Manager for the US market focusing on Gaming, Amusement and Vending. Lauren joins the US team and is responsible for generating new sales opportunities in this vibrant and ever-changing marketplace.Welcoming Lauren to the organization that specializes in cash management and validation, Rebecca White, VP of Sales & Business Development, said, “We are delighted to have Lauren onboard. As well as establishing new business, Lauren will account manage our existing customers, monitor sales trends, educate prospective customers on products, identify emerging markets, and represent ITL at various state and national trade association…

BEOPAY, one of ITL’s Trading Partners in Eastern Europe, is continuing to strengthen its collaboration despite a difficult year shaped by COVID-19. BEOPAY is a highly specialised company for automated payment systems based in Serbia who provide complete service, support and distribution of ITL validators in Serbia, Bosnia, North Macedonia and Montenegro.Sasha Kragulj, Business Development Manager for the region commented, “BEOPAY have been our Trading Partner for 12 years now after celebrating a landmark decade of collaboration in 2018. We are delighted that we have had another strong year despite the current circumstances.  ITL validators are used in various applications…

A bill acceptor (CBA9) designed specifically for Southeast Asia has been introduced to the market to simplify cash handling for OEM’s that export throughout the region. Already dominating the vending industry in China, the market-leading, field-proven banknote validator is now available in Indonesia, Malaysia, Philippines, Singapore, Taiwan, Thailand & Vietnam. Following consumer and market demand, ITL are keen to roll-out its accessibility to this vast Southeast Asia region.Kravitz Liew is ITL’s Business Development Manager for Southeast Asia based in Malaysia. Kravitz commented, “The CBA9 is a cost-effective bill acceptor and boasts a quick transaction time (2-3 seconds) and advanced note-to-note processing capabilities.…