GRG Banking, a global pioneer in intelligent financial solutions, has once again secured the No. 1 position in China’s domestic intelligent financial equipment market for the 17th consecutive year, according to the latest report published by Financial News, one of China’s leading financial media outlets.

The report, titled “AI Empowers a New Financial Ecosystem: Innovation Leads the Future of the Market,” outlines China’s accelerated transition toward smart banking in 2024. It highlights GRG Banking’s continued leadership in both market share and technological advancement across the financial hardware landscape.

AI-Powered Branch Transformation

As AI becomes central to the modernization of financial services, China witnessed a significant acceleration in smart branch upgrades in 2024. With a national push toward digital and inclusive finance, banks increasingly adopted intelligent, self-service, and cloud-connected terminals to improve service quality and reduce operational costs.

GRG Banking remains at the forefront of this transformation, offering advanced, modular, and AI-enabled banking solutions—ranging from next-generation teller machines to smart counters and biometric-enabled service terminals. These innovations continue to redefine how financial institutions serve their customers, blending high-tech efficiency with a human-centric experience.

Global Growth and Strategic Partnerships

In addition to its domestic success, GRG Banking is expanding its global footprint through strategic partnerships and fintech collaborations. During recent visits to Africa, GRG engaged in extensive discussions with leading financial institutions on advancing digital banking ecosystems, including a high-profile visit to Morocco. Andy Huang, GRG’s Global Business Director, reaffirmed the company’s commitment to supporting regional financial transformation and deepening China’s fintech collaboration with African nations.

In Egypt, GRG Banking has formed a strategic alliance with IST (Idol System for Technology), its exclusive local partner, to bring these innovations to the heart of the Middle East and Africa. Together, GRG and IST are establishing the region’s first ATM manufacturing and operation platform—a groundbreaking initiative aimed at localizing production, reducing import dependency, and enhancing the region’s financial technology infrastructure.

Empowering Egypt’s Fintech Future with IST

This partnership supports Egypt’s national goals of digital transformation and financial

inclusion by combining GRG’s technological expertise with IST’s deep understanding of the local market. The collaboration has already gained strong backing from key government entities, including ITIDA and the National Post Authority, and is expected to position Egypt as a regional leader in fintech manufacturing and innovation.

As GRG Banking continues to lead the global evolution of smart financial services, its partnership with IST serves as a model for regional growth, knowledge transfer, and digital innovation—bringing advanced, inclusive, and efficient banking solutions to Egypt and beyond.