THIS MARKS THE BEGINNING OF A TRANSFORMATION PROJECT THAT WILL ACCELERATE FINANCIAL INCLUSION IN MEXICO AND HELP STREAMLINE THE FUNCTIONS OF OUR STORE EMPLOYEES , THROUGH THE IMPLEMENTATION OF TECHNOLOGY AND DIGITAL INNOVATION .
INDUSTRY WATCH
THIS MARKS THE BEGINNING OF A TRANSFORMATION PROJECT THAT WILL ACCELERATE FINANCIAL INCLUSION IN MEXICO AND HELP STREAMLINE THE FUNCTIONS OF OUR STORE EMPLOYEES , THROUGH THE IMPLEMENTATION OF TECHNOLOGY AND DIGITAL INNOVATION .
OXXO and GLORY have entered a strategic alliance to offer the best solution for cash operations in Mexico to help close the financial inclusion gap in the country . procedures and services in one place without having to travel long distances – for example , withdrawing cash or receiving money transfers from abroad .
As a leader in Mexico ’ s retail industry , OXXO – wholly owned by the beverage company FEMSA – has used its presence to extend financial services to its customers . On this occasion , it has selected GLORY ’ s CASHINFINITY technology to drive innovation in its network of stores , thereby seeking to improve the experience of its employees and customers .
This is iBox , a CASHINFINITYTM cash recycler from GLORY , with which OXXO will have a virtual ATM in its stores , where consumers will be able to access cash withdrawals and enable various banking services , highlighting the following benefits :
• Increased availability of cash in a secure manner
• Automatically validate and reject counterfeit bills
• Improved store security
• Improved employee and customer experience
CASHINFINITY will be implemented gradually in OXXO stores around the country , starting in : Nuevo León , Chiapas , Guanajuato , Jalisco , Oaxaca and Puebla . This technology is focused on offering the best solution for cash deposits and withdrawals through a comprehensive and omnichannel experience , under three principles : availability , security and simplicity .
These iBox , once installed , will be linked to the OXXO system , offering customers a comprehensive solution that allows them to carry out various financial
About Glory
A world leader in cash technology solutions , Glory provides financial institutions , retailers and securities carriers with confidence that their cash is protected and always working to help build a stronger business .
Glory ’ s cash automation technology and services enable companies in more than 100 countries to optimize cash management , movement and management .
Globally , Glory pitches personal engagement with each customer to address their unique challenges and goals : improving staff efficiency , reducing operating costs and enabling a more rewarding customer experience .
Employing more than 11,900 professionals worldwide with R & D and manufacturing facilities worldwide , GLORY is based on a strong , technology-driven , customer-centric heritage .
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