Transaction Systems Joins Forces with GRGBanking to Provide Organizations in Central and Eastern Europe with Banking Transformation Solutions


Budapest, February 27, 2018 – Transaction Systems LLC. (TRSYS), the leading provider of e-Payment solutions in Central, South and East Europe and GRGBanking (GRG), the leading provider of financial intelligent equipment and solutions, announce their cooperation to provide GRG’s intelligent products and innovative financial technologies in Central and Eastern Europe.

With a strong international presence, established offices and subsidiaries in Europe, Southeast Asia, the Americas, the Middle East and Africa, GRG aims at setting up its banking automation business globally through a strong network of strategic partners. Part of this expansion strategy is the agreement with TRSYS which will act as GRG’s distributor in Albania, Bosnia, Bulgaria, Croatia, Cyprus, Czech Republic, Greece, Hungary, Kosovo, Romania, Slovakia and Slovenia.

GRG has already initiated its global expansion strategy entering new potential markets overseas with innovative products such as VTM (Virtual Teller Machine), the flagship branch transformation solution, as well as ATMs, Retail Recycler & Deposits, Counting Station and many others. Besides their current implementations in Southeast Asia, Russia, Middle East, Germany and Turkey, the partnership with TRSYS will initiate GRG’s expansion in the market of Central and Eastern Europe.

“Stronger localization is the foundation of our global expansion,” said Adam Lee, General Manager, GRG Europe & Middle East. “We will continue to strengthen production, research and services all over the world, and we will initiate strategic partnerships with payment solution providers such as TRSYS. Furthermore, we will positively develop and extend our new business worldwide, building a global brand”.

Commenting on the new cooperation, Panos Chalkias, Managing Director, TRSYS International said: “We are particularly happy to join forces with GRG. With banking automation solutions already used by hundreds of organizations worldwide, this cooperation will enable us to support organizations in Central and Eastern Europe and provide them with the proper tools to optimize and streamline their business processes, reduce costs as well as increase revenues. This partnership is in line with our strategic target of expanding our solutions portfolio to include most segments of the FinTech market.”

Founded 15 years ago, TRSYS is among the leading providers of payment and bank automation solutions in Central and Eastern Europe. The company aims to reinforce its position in the region by expanding its product portfolio to include branch automation solutions such as ATMS, Automatic Tellers, Automatic Payment Kiosks etc., enabling Financial Organizations in the region to achieve their digital transformation initiatives.