OTI Receives Purchase Order For 10,000+ Advanced Readers For Global Smart ATM Market

Posted On: 8/9/2019

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ROSH PINNA, Israel -- On Track Innovations Ltd., a global provider of near field communication (NFC) and cashless payment solutions, said it has received a new purchase order to deliver more than 10,000 of its Uno-8 advanced secure contactless NFC readers for the global Smart ATM market. The orders are due to be delivered before the end of 2019.

Smart ATMs provide uninterrupted, secure, simple and convenient banking services. Adding an OTI EMV certified contactless reader, provides an ATM with the ability to identify the account owner and communicate with their smart devices.

"Including this new purchase-order, OTI has already received orders for over 50,000 advanced readers systems which are being used throughout the world to provide smart ATMs with contactless NFC capabilities," said OTI interim chief executive Assaf Cohen. "This is an important growth market for us, and we expect these orders will continue to grow in the future."