Innovative Technology's bill acceptor expanded into Southeast Asia

Innovative Technology (ITL) announced that its bill acceptor CBA9, designed specifically for Southeast Asia, has been introduced to the market to simplify cash handling for OEM’s that export throughout the region. Already leading in the Chinese vending industry, the banknote validator is now available in Indonesia, Malaysia, Philippines, Singapore, Taiwan, Thailand and Vietnam, following consumer and market demand.

Kravitz Liew, ITL’s Business Development Manager for Southeast Asia based in Malaysia, commented: “The CBA9 is a cost-effective bill acceptor and boasts a quick transaction time (2-3 seconds) and advanced note-to-note processing capabilities. With its enhanced sensing technology, the CBA yields a high acceptance rate for the Southeast Asian currencies which we have currently available and we are delighted with the positive interest we have received from key Manufacturers in the region. Since I started working for ITL back in February this year, I have built up strong relationships with our customers in Southeast Asia and CBA9 is proof that we are providing the right product for the demands of the region.”

Liew said that given the product’s modular design, the CBA9 can be upgraded to add a note recycler to suit customer needs. "It is particularly suited to vending and amusement industries where it offers exceptional field reliability. Free remote updates (including MDB) are available too, giving our customers excellent value for money,” he added.

“The CBA9 is devised to maximise cash efficiency for customers requiring quick transactions and I am delighted to be able to offer our customers this solution. Southeast Asia is an important region for us, and we look forward to seeing a fast and widespread take-up of this cost-effective bill acceptor in the region,” Liew concluded.