Sheng Siong is a major supermarket chain in Singapore with more than a billion USD in annual sales revenue. To maintain its market leadership position, Sheng Siong has widely adopted the use of technology to help improve their retail processes.

On a normal day of operation, hypermarkets such as Sheng Siong must supervise a large volume of cash transfers from daily earnings, usually facilitated by banks and CITs. In an effort to reduce operational costs and the amount of cash on hold, Sheng Siong came up with the first-of-its-kind concept of releasing the cash to their customers to better facilitate the management and movement of the cash inventory.

The result? The $TM, which houses the GLORY CI-50 and functions just like a traditional ATM. Through this win-win initiative, Sheng Siong is also able to reduce their risks and reliance on transit trips, yet offers the added convenience of cash withdrawal across major banks for shoppers in a single machine.

“The entire cash handling is integrated as a complete solution. We get a clearer accountability of the cash movement.” - Lim Hock Chee, CEO, Sheng Siong Group

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