Cash Recycling Module

Cash Recycling Module Market Outlook

The global cash recycling module market is projected to reach approximately USD 9.5 billion by 2035, growing at a compound annual growth rate (CAGR) of around 7.6% during the forecast period from 2025 to 2035. This growth can be largely attributed to the increasing need for efficient cash management systems across various sectors, including retail, banking, and hospitality. The rise in electronic payments has simultaneously highlighted the necessity of cash recycling technology to streamline cash handling processes and reduce operational costs. Furthermore, innovations in cash recycling technology, such as improved security features and enhanced user interfaces, are driving the adoption of these systems. As businesses strive for greater efficiency and better cash flow management, the demand for cash recycling modules is expected to continue its upward trajectory.

Growth Factor of the Market

The growth of the cash recycling module market is primarily driven by the increasing need for automation in cash handling processes. As businesses across various sectors seek to minimize human error and improve operational efficiency, the adoption of cash recycling technology has become crucial. Additionally, the rise in cash transactions, despite the growth of digital payments, necessitates advanced solutions for managing and recycling cash within businesses. The growing emphasis on security and fraud prevention in cash handling is another significant factor propelling market growth; cash recycling modules are equipped with sophisticated technology to detect counterfeit notes and maintain the integrity of cash transactions. Moreover, the expansion of retail and banking sectors, particularly in emerging markets, is creating a favorable environment for cash recycling solutions. Companies are increasingly investing in modern cash management systems, further driving the demand for cash recycling modules.

Key Highlights of the Market

• The global cash recycling module market is expected to reach USD 9.5 billion by 2035.
• The market is projected to grow at a CAGR of 7.6% from 2025 to 2035.
• There is a significant increase in demand for efficient cash management systems across various sectors.
• Innovations in technology, such as advanced security features, are boosting market growth.
• Emerging markets are experiencing notable growth in the adoption of cash recycling solutions.

By Product Type

Single Pocket Recycler

Single pocket recyclers are designed to streamline cash transactions in environments with moderate cash flow. These devices are particularly suitable for small to medium-sized retail operations where the volume of cash transactions does not necessitate complex handling systems. The functionality of a single pocket recycler is straightforward, allowing businesses to deposit and dispense cash quickly and securely. These modules are often favored for their simplicity and cost-effectiveness, offering a compelling solution for businesses looking to enhance their cash management without significant investment. Additionally, the compact design of single pocket recyclers makes them ideal for locations with limited space, further driving their popularity in the market.

Multi Pocket Recycler

Multi pocket recyclers cater to environments with a higher volume of cash transactions, such as larger retail outlets and banks. These systems feature multiple pockets for sorting and storing different denominations of cash, allowing for efficient recycling and management of notes. The ability to handle multiple denominations simultaneously significantly increases transaction speed and accuracy. Multi pocket recyclers not only improve cash management efficiency but also enhance security by minimizing the risk of human error in cash handling. As businesses continue to seek ways to optimize their cash handling processes, the multi pocket recycler segment is expected to see substantial growth in the coming years.

Compact Recycler

Compact recyclers are designed specifically for locations where space is a premium, such as convenience stores or small banking facilities. Despite their smaller footprint, these systems are equipped with advanced technology that allows for efficient cash recycling and management. Compact recyclers provide similar functionalities to larger models, including note validation, storage, and dispensing. Their space-saving design does not compromise on performance, making them particularly attractive to businesses looking for efficient cash handling solutions without the need for extensive physical space. The growing trend of urbanization and the expansion of smaller retail operations are expected to propel the demand for compact recyclers in the market.

High-Capacity Recycler

High-capacity recyclers are built to handle large volumes of cash transactions, making them ideal for high-traffic environments such as major retail chains and large banks. These systems can store a significant number of bills, allowing for seamless cash flow management and reducing the frequency of cash replenishment. The high-capacity design ensures that businesses can operate without interruption, even during peak transaction periods. Moreover, these recyclers come with advanced security features and counterfeit detection capabilities, enhancing the integrity and safety of cash transactions. As businesses continue to scale and adapt to increasing customer demands, high-capacity recyclers are becoming essential components of efficient cash management systems.

Hybrid Recycler

Hybrid recyclers combine the functionalities of both coin and note recycling, providing a comprehensive cash management solution for businesses that handle various forms of currency. This versatility makes hybrid recyclers particularly appealing to environments like retail and gaming establishments, where both coins and bills are frequently exchanged. These systems optimize cash handling by minimizing the need for separate machines, thus saving space and reducing operational complexity. By integrating both functionalities, hybrid recyclers enhance the overall efficiency of cash management processes. The rising trend of businesses seeking all-in-one solutions for cash handling further supports the growth of the hybrid recycler segment in the market.

By Application

Retail

The retail sector stands as one of the largest applications for cash recycling modules, driven by the need for efficient cash management amidst growing consumer demand. Retailers face a high volume of cash transactions, which necessitates reliable systems to manage deposits and withdrawals safely. Cash recycling modules in retail settings not only enhance operational efficiency by reducing cash handling time but also improve customer satisfaction by speeding up the transaction process. Furthermore, with the increasing trend of self-service kiosks and automated checkouts, retail establishments are adopting cash recycling technology to facilitate seamless cash transactions in these environments. The need for accurate cash management in retail is expected to drive the continued growth of cash recycling modules in this segment.

Banking

In the banking sector, cash recycling modules play a critical role in enhancing cash handling efficiency and security. Banks deal with a high volume of cash transactions daily, and the need to manage this cash securely and efficiently is paramount. Cash recycling modules in banks streamline cash deposits, withdrawals, and sorting processes, significantly reducing waiting times for customers. Furthermore, the integration of advanced technology within these modules enhances counterfeit detection and minimizes human error, leading to improved operational accuracy. As banks increasingly adopt automation to improve customer service and reduce costs, the demand for cash recycling modules in this sector is expected to grow significantly.

Hospitality

The hospitality sector, including hotels and restaurants, also sees a growing adoption of cash recycling modules as part of their cash management strategies. Cash recycling technology is particularly beneficial in environments with high cash flow, allowing for quick and efficient processing of payments. By implementing cash recycling modules, hospitality businesses can reduce the time staff spends handling cash, which can then be redirected towards improving customer service. Additionally, the integration of these modules enhances security and minimizes the risk of theft, an essential consideration for businesses in the hospitality industry. As the trend towards operational efficiency continues, the hospitality sector's reliance on cash recycling technology is expected to increase.

Entertainment

Cash recycling modules are increasingly being utilized in the entertainment sector, which includes casinos, amusement parks, and concert venues. These environments typically handle large volumes of cash transactions, making efficient cash management systems crucial. By implementing cash recycling technology, entertainment venues can streamline cash handling processes, reduce wait times at transaction points, and enhance overall customer experiences. Moreover, cash recycling modules provide comprehensive reporting and tracking features, enabling businesses to manage their cash flow more effectively. As the demand for cash transactions remains resilient in the entertainment industry, the adoption of cash recycling modules is anticipated to grow.

Transportation

The transportation sector, including public transit and toll collection, is also witnessing an increasing adoption of cash recycling modules as part of their cash handling operations. These modules facilitate the efficient handling of cash transactions for fare payments and toll booths, reducing the reliance on manual cash handling processes. By implementing cash recycling technology, transportation providers can enhance operational efficiency and minimize the risk of cash shortages or overages. Additionally, the capacity of cash recycling modules to handle both coins and notes simultaneously makes them particularly suitable for transportation applications. With the growing emphasis on automating cash transactions in the transportation sector, the demand for cash recycling modules is expected to rise significantly.

By Distribution Channel

Direct Sales

Direct sales represent a significant distribution channel for cash recycling modules, where manufacturers sell their products directly to end-users. This method allows for a personalized customer experience, where businesses receive tailored solutions that meet their specific requirements. Direct sales often involve detailed consultations and demonstrations, enabling customers to understand the features and benefits of the cash recycling modules. Additionally, direct sales channels help manufacturers build long-term relationships with clients, enhancing customer loyalty and satisfaction. As businesses increasingly seek customized solutions for their cash management needs, the direct sales channel is expected to witness sustained growth.

Distributors

Distributors play a crucial role in the cash recycling module market by acting as intermediaries between manufacturers and end-users. They help broaden the reach of cash recycling solutions, making them accessible to a wider range of customers. Distributors often carry a diverse portfolio of products, allowing them to cater to various industry needs. Their expertise in logistics and supply chain management also ensures timely delivery of products to businesses. Furthermore, distributors provide valuable customer support and after-sales services, enhancing the overall customer experience. As the demand for cash recycling modules grows, the distributor channel is expected to remain a vital contributor to market expansion.

Online Retailers

Online retailers are emerging as a significant distribution channel for cash recycling modules, providing businesses with easy access to a variety of products from the comfort of their own locations. The convenience of researching and purchasing cash recycling solutions online appeals to many customers, especially smaller businesses that may not have access to physical retail locations. Online platforms often allow for comprehensive product comparisons, user reviews, and detailed specifications, enabling businesses to make informed purchasing decisions. The growing trend of e-commerce is expected to further drive the adoption of online retail channels for cash recycling modules, catering to the needs of a tech-savvy customer base.

Specialty Stores

Specialty stores that focus on cash management solutions serve as important distribution points for cash recycling modules. These stores often provide personalized services and expert advice to help customers select the right products to meet their specific cash handling needs. The knowledgeable staff can offer demonstrations and training, ensuring that customers understand how to effectively utilize cash recycling technology. Additionally, specialty stores often stock a range of related products, allowing businesses to procure all their cash handling needs in one location. With the continued growth in the cash recycling module market, specialty stores are likely to maintain their relevance as trusted sources for quality cash management solutions.

OEMs

Original Equipment Manufacturers (OEMs) are integral to the distribution of cash recycling modules, often incorporating these systems into broader cash management solutions for various industries. By partnering with OEMs, manufacturers of cash recycling modules can reach niche markets and provide specialized solutions tailored to specific applications. OEMs bring technical expertise and industry knowledge, making them valuable collaborators in the development and distribution of cash recycling technology. This distribution channel allows for the integration of cash recycling modules into larger systems, enhancing the overall efficiency of cash handling processes. As the demand for integrated cash management solutions grows, OEM partnerships will continue to play a significant role in the market.

By Technology Type

Note Recycling

Note recycling technology is primarily designed for the efficient handling of paper currency within cash recycling systems. These modules are equipped with advanced features for validating, sorting, and storing notes, allowing businesses to streamline cash transactions effectively. Note recycling technology provides significant benefits by minimizing the time and labor involved in cash handling, thereby reducing operational costs for businesses. Moreover, the increased accuracy in note validation helps to prevent counterfeit bills from entering circulation, enhancing security. As cash transactions remain a significant part of business operations, the demand for note recycling technology is expected to grow, driving advancements and innovations in this segment.

Coin Recycling

Coin recycling technology focuses on the efficient management of coins, which often pose unique challenges for businesses in terms of handling and storage. Coin recycling modules allow for the sorting, validating, and storing of coins, streamlining the cash handling process. This technology is particularly valuable in high-volume transaction environments, such as retail stores and vending machines, where coins are frequently exchanged. By automating the processing of coins, businesses can significantly reduce labor costs and improve transaction speed. As the demand for efficient cash management continues to rise, the adoption of coin recycling technology is anticipated to increase, contributing to the overall growth of the cash recycling module market.

Note and Coin Recycling

Note and coin recycling technology represents a comprehensive solution for businesses that need to manage both forms of currency efficiently. These systems combine the functionalities of note and coin recycling into a single unit, allowing businesses to streamline their cash handling processes further. By utilizing note and coin recycling technology, businesses can reduce the number of machines required for cash management, saving space and optimizing operational efficiency. Additionally, these systems provide enhanced security features, helping to mitigate the risks associated with cash transactions. As businesses increasingly seek integrated and all-in-one solutions for their cash handling needs, the demand for note and coin recycling technology is expected to rise significantly.

By Region

North America is projected to lead the cash recycling module market during the forecast period, accounting for approximately 35% of the global market share. The robust banking and retail sectors in the United States and Canada contribute significantly to this dominance, as these industries increasingly adopt automated cash management solutions to enhance operational efficiency. Additionally, the high prevalence of advanced technology and a strong focus on security drive the demand for cash recycling modules in this region. The growth of e-commerce and the trend towards contactless payments have further necessitated the need for secure cash handling systems, which is expected to facilitate continued growth in North America's cash recycling module market.

In Europe, the cash recycling module market is anticipated to experience a CAGR of around 6.8% during the forecast period. Countries such as Germany and the United Kingdom are at the forefront of adopting cash recycling technology due to their established banking and retail infrastructures. European businesses are increasingly focused on improving cash management processes to enhance customer service and reduce operational costs. Furthermore, government regulations concerning cash handling and security are influencing the adoption of cash recycling modules across the region. As European businesses embrace digital transformation and automation, the demand for cash recycling technology is expected to grow steadily.

Opportunities

The cash recycling module market is poised for significant growth, driven by several emerging opportunities. One of the most notable opportunities is the increasing demand for automation in cash handling processes across various sectors. As businesses continue to seek innovative ways to improve operational efficiency and reduce labor costs, the implementation of cash recycling technology becomes more attractive. Moreover, the integration of smart technologies, such as Artificial Intelligence (AI) and the Internet of Things (IoT), into cash recycling systems presents an opportunity for manufacturers to enhance product functionalities and offer advanced solutions that meet evolving customer needs. The increasing focus on improving customer experiences in retail and banking provides further opportunities for the deployment of cash recycling modules, as they facilitate faster transactions and enhance service quality.

Additionally, the expansion of cash recycling modules into emerging markets offers a wealth of opportunities for growth. As economies in regions such as Asia Pacific and Latin America continue to develop, the demand for efficient cash management solutions is on the rise. The growth of the retail banking sector in these regions, combined with an increasing number of small and medium enterprises, creates a favorable environment for the adoption of cash recycling technology. Manufacturers that strategically position themselves to cater to these emerging markets can capitalize on this growing demand and establish a strong market presence. Overall, the cash recycling module market holds significant potential for growth, driven by technological advancements, increasing automation, and the expansion into new geographical regions.

Threats

Despite the promising growth prospects for the cash recycling module market, several threats could impact the industry's trajectory. One of the primary concerns is the rapid adoption of digital payment solutions and the decreasing reliance on cash transactions. As consumers increasingly turn to contactless and mobile payment methods, the demand for cash recycling modules may experience a decline, particularly in markets where cash usage is diminishing. This shift in consumer behavior poses a significant threat to businesses that rely on cash handling solutions, as they may face pressure to adapt to changing market dynamics. Furthermore, the competitive landscape is becoming increasingly crowded, with numerous players entering the market and offering a wide array of products. This intensification of competition can lead to price wars and reduced profit margins for existing companies, potentially threatening their viability.

Another challenge facing the cash recycling module market is the potential for regulatory changes and compliance issues. Governments around the world are continuously updating their regulations related to cash handling and security. Companies operating in this space must ensure that their products comply with these regulations, which may require additional investments in research and development. Non-compliance can lead to hefty fines and reputational damage, ultimately impacting a company's market position. In conclusion, while the cash recycling module market presents several growth opportunities, stakeholders must remain vigilant to the threats posed by changing consumer behavior, competitive pressures, and regulatory challenges.

Competitor Outlook

• Diebold Nixdorf
• GLORY Ltd.
• Riyadh Bank
• CashGuard
• Innovative Technology Ltd.
• Magner Corporation
• Giesecke+Devrient
• Mueller Systems
• Hantle
• NRI Group
• Crane Payment Innovations
• Sharp Electronics
• Seiko Instruments Inc.
• Scan Coin
• Transact Technologies Inc.

The competitive landscape of the cash recycling module market is characterized by a mix of established players and emerging companies striving to gain market share. Key players, such as Diebold Nixdorf and GLORY Ltd., have solidified their positions by offering a wide range of cash recycling solutions that cater to various industries. These companies often invest heavily in research and development to innovate and enhance their product offerings, ensuring they remain at the forefront of technology trends. Additionally, partnerships and collaborations with financial institutions and retail giants help these companies expand their reach and enhance their service capabilities.

Emerging players in the cash recycling module market are also making significant strides, leveraging advancements in technology to differentiate their products. Companies like CashGuard and Innovative Technology Ltd. are focusing on developing cutting-edge solutions that integrate smart technologies and improve cash handling efficiency. These innovative companies often target niche markets and small to medium-sized enterprises, providing tailored solutions that meet specific customer needs. The increasing trend of automation and digital transformation in cash handling processes presents an opportunity for both established and new players to capitalize on emerging market demands.

In addition to product innovation, customer service and after-sales support play a crucial role in the competitive landscape of the cash recycling module market. Companies that prioritize strong customer relationships and provide comprehensive support are more likely to foster loyalty among their clients. As the market continues to evolve, the competitive dynamics will shift, with companies that adapt to changing consumer demands and invest in customer-centric strategies emerging as leaders in the cash recycling module space. Overall, the competitive landscape of this market remains dynamic and is expected to continue evolving as new players enter and existing companies strive to maintain their competitive edge.

• 1 Appendix

  • 1.1 List of Tables
  • 1.2 List of Figures

• 2 Introduction

  • 2.1 Market Definition
  • 2.2 Scope of the Report
  • 2.3 Study Assumptions
  • 2.4 Base Currency & Forecast Periods

• 3 Market Dynamics

  • 3.1 Market Growth Factors
  • 3.2 Economic & Global Events
  • 3.3 Innovation Trends
  • 3.4 Supply Chain Analysis

• 4 Consumer Behavior

  • 4.1 Market Trends
  • 4.2 Pricing Analysis
  • 4.3 Buyer Insights

• 5 Key Player Profiles

  • 5.1 Hantle
    • 5.1.1 Business Overview
    • 5.1.2 Products & Services
    • 5.1.3 Financials
    • 5.1.4 Recent Developments
    • 5.1.5 SWOT Analysis
  • 5.2 CashGuard
    • 5.2.1 Business Overview
    • 5.2.2 Products & Services
    • 5.2.3 Financials
    • 5.2.4 Recent Developments
    • 5.2.5 SWOT Analysis
  • 5.3 NRI Group
    • 5.3.1 Business Overview
    • 5.3.2 Products & Services
    • 5.3.3 Financials
    • 5.3.4 Recent Developments
    • 5.3.5 SWOT Analysis
  • 5.4 Scan Coin
    • 5.4.1 Business Overview
    • 5.4.2 Products & Services
    • 5.4.3 Financials
    • 5.4.4 Recent Developments
    • 5.4.5 SWOT Analysis
  • 5.5 GLORY Ltd.
    • 5.5.1 Business Overview
    • 5.5.2 Products & Services
    • 5.5.3 Financials
    • 5.5.4 Recent Developments
    • 5.5.5 SWOT Analysis
  • 5.6 Riyadh Bank
    • 5.6.1 Business Overview
    • 5.6.2 Products & Services
    • 5.6.3 Financials
    • 5.6.4 Recent Developments
    • 5.6.5 SWOT Analysis
  • 5.7 Diebold Nixdorf
    • 5.7.1 Business Overview
    • 5.7.2 Products & Services
    • 5.7.3 Financials
    • 5.7.4 Recent Developments
    • 5.7.5 SWOT Analysis
  • 5.8 Mueller Systems
    • 5.8.1 Business Overview
    • 5.8.2 Products & Services
    • 5.8.3 Financials
    • 5.8.4 Recent Developments
    • 5.8.5 SWOT Analysis
  • 5.9 Giesecke+Devrient
    • 5.9.1 Business Overview
    • 5.9.2 Products & Services
    • 5.9.3 Financials
    • 5.9.4 Recent Developments
    • 5.9.5 SWOT Analysis
  • 5.10 Sharp Electronics
    • 5.10.1 Business Overview
    • 5.10.2 Products & Services
    • 5.10.3 Financials
    • 5.10.4 Recent Developments
    • 5.10.5 SWOT Analysis
  • 5.11 Magner Corporation
    • 5.11.1 Business Overview
    • 5.11.2 Products & Services
    • 5.11.3 Financials
    • 5.11.4 Recent Developments
    • 5.11.5 SWOT Analysis
  • 5.12 Seiko Instruments Inc.
    • 5.12.1 Business Overview
    • 5.12.2 Products & Services
    • 5.12.3 Financials
    • 5.12.4 Recent Developments
    • 5.12.5 SWOT Analysis
  • 5.13 Crane Payment Innovations
    • 5.13.1 Business Overview
    • 5.13.2 Products & Services
    • 5.13.3 Financials
    • 5.13.4 Recent Developments
    • 5.13.5 SWOT Analysis
  • 5.14 Innovative Technology Ltd.
    • 5.14.1 Business Overview
    • 5.14.2 Products & Services
    • 5.14.3 Financials
    • 5.14.4 Recent Developments
    • 5.14.5 SWOT Analysis
  • 5.15 Transact Technologies Inc.
    • 5.15.1 Business Overview
    • 5.15.2 Products & Services
    • 5.15.3 Financials
    • 5.15.4 Recent Developments
    • 5.15.5 SWOT Analysis

• 6 Market Segmentation

  • 6.1 Cash Recycling Module Market, By Application
    • 6.1.1 Retail
    • 6.1.2 Banking
    • 6.1.3 Hospitality
    • 6.1.4 Entertainment
    • 6.1.5 Transportation
  • 6.2 Cash Recycling Module Market, By Product Type
    • 6.2.1 Single Pocket Recycler
    • 6.2.2 Multi Pocket Recycler
    • 6.2.3 Compact Recycler
    • 6.2.4 High-Capacity Recycler
    • 6.2.5 Hybrid Recycler
  • 6.3 Cash Recycling Module Market, By Technology Type
    • 6.3.1 Note Recycling
    • 6.3.2 Coin Recycling
    • 6.3.3 Note and Coin Recycling
  • 6.4 Cash Recycling Module Market, By Distribution Channel
    • 6.4.1 Direct Sales
    • 6.4.2 Distributors
    • 6.4.3 Online Retailers
    • 6.4.4 Specialty Stores
    • 6.4.5 OEMs

• 7 Competitive Analysis

  • 7.1 Key Player Comparison
  • 7.2 Market Share Analysis
  • 7.3 Investment Trends
  • 7.4 SWOT Analysis

• 8 Research Methodology

  • 8.1 Analysis Design
  • 8.2 Research Phases
  • 8.3 Study Timeline

• 9 Future Market Outlook

  • 9.1 Growth Forecast
  • 9.2 Market Evolution

• 10 Geographical Overview

  • 10.1 Europe - Market Analysis
    • 10.1.1 By Country
      • 10.1.1.1 UK
      • 10.1.1.2 France
      • 10.1.1.3 Germany
      • 10.1.1.4 Spain
      • 10.1.1.5 Italy
  • 10.2 Asia Pacific - Market Analysis
    • 10.2.1 By Country
      • 10.2.1.1 India
      • 10.2.1.2 China
      • 10.2.1.3 Japan
      • 10.2.1.4 South Korea
  • 10.3 Latin America - Market Analysis
    • 10.3.1 By Country
      • 10.3.1.1 Brazil
      • 10.3.1.2 Argentina
      • 10.3.1.3 Mexico
  • 10.4 North America - Market Analysis
    • 10.4.1 By Country
      • 10.4.1.1 USA
      • 10.4.1.2 Canada
  • 10.5 Cash Recycling Module Market by Region
  • 10.6 Middle East & Africa - Market Analysis
    • 10.6.1 By Country
      • 10.6.1.1 Middle East
      • 10.6.1.2 Africa

• 11 Global Economic Factors

  • 11.1 Inflation Impact
  • 11.2 Trade Policies

• 12 Technology & Innovation

  • 12.1 Emerging Technologies
  • 12.2 AI & Digital Trends
  • 12.3 Patent Research

• 13 Investment & Market Growth

  • 13.1 Funding Trends
  • 13.2 Future Market Projections

• 14 Market Overview & Key Insights

  • 14.1 Executive Summary
  • 14.2 Key Trends
  • 14.3 Market Challenges
  • 14.4 Regulatory Landscape

Segments Analyzed in the Report

The global Cash Recycling Module market is categorized based on

By Product Type

• Single Pocket Recycler
• Multi Pocket Recycler
• Compact Recycler
• High-Capacity Recycler
• Hybrid Recycler

By Application

• Retail
• Banking
• Hospitality
• Entertainment
• Transportation

By Distribution Channel

• Direct Sales
• Distributors
• Online Retailers
• Specialty Stores
• OEMs

By Technology Type

• Note Recycling
• Coin Recycling
• Note and Coin Recycling

By Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

Key Players

• Diebold Nixdorf
• GLORY Ltd.
• Riyadh Bank
• CashGuard
• Innovative Technology Ltd.
• Magner Corporation
• Giesecke+Devrient
• Mueller Systems
• Hantle
• NRI Group
• Crane Payment Innovations
• Sharp Electronics
• Seiko Instruments Inc.
• Scan Coin
• Transact Technologies Inc.