Cash will not lose its relevance in the next 20 years. This statement was made by Shay Ness, Managing Director of Cash Processing Solutions (CPS) for Europe and the CIS, at a meeting with BS/2 managers in Vilnius. This meeting was organized within the framework of the partnership agreement between the companies.
During the two-day meeting both sides discussed the promotion of CPS products in the CIS markets. Besides, Shay Ness shared his successful experience - installation of Cash Processing Solutions counting and sorting machines allowed one of the Israeli banks to save 7.8 million euro on optimization.
BS/2 and Cash Processing Solutions signed a partnership agreement in August 2021. It allowed BS/2 to supply, install and service a full range of CPS solutions, including the 7000i high-speed banknote sorter, compact V Series and X Range desktop sorters, to financial institutions and cash processing organizations throughout the region. The company plans to expand this partnership geographically to Eastern Europe and Central Asia.
BS/2 Deputy CEO Kirill Ovsyannikov's interview with Shay Ness in English, in which they discuss in detail the future of cash and the impact of the COVID 19 pandemic on the circulation of banknotes, can be watched here:
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