Automated teller machines
Newtech Business System offers a wide range of self-service Automated Teller Machine (ATM) solutions, which improve customer loyalty, increase revenue and reduce business risks. The ATMs are through-the-wall or lobby type, with a small footprint and minimal infrastructure requirement that can be deployed anywhere. In addition to its own GRG ATMs it does servicing of other brand ATMs.
Their bank customer list includes Zanaco, Finance and Indo - Zambia. Having a variety of functions as well as a host of security features, these ATMs come from GRG Banking Equipment Co. Ltd. of China. The machines comply with international industrial standards including EMV, PCI PED, CEN/XFS, UL, FCC, CE an ISO.
Currency processors
Newtech Business System supplies and services intelligent cash processing machines from Magner International of USA, the world leaders in currency machines. The machines have high speed value (not mere piece counting), but also have the ability to detect counterfeit notes quality as well as sorting them out.
Electronic payment systems
Through its subsidiary company Newtech Business System has been authorised by Bank of Zambia to deploy private independent ATMs and also roll out a payment ( electronic fund transfer) system.
Power conditioning equipment
Newtech Business System provides various power and conditioning equipment such as UPS, Inverters, Servo Controlled Stabilizers and OVCDs form Numeric-Legrand of India, from various capacities from 65va to 120KVA, to cater to the various industries.
Batteries
The company supplies specialty UPS/Inverter VRLA-SMF batteries of various capacities from Amaraja battries of India. The largest battery maker in Asia are supplied to many banks and corporate customers.
ATM consumables
Newtech Business System supplies best quality consumables used in the ATM, sourced from globally reputed manufacturers, which offer optimal price-performance ratio, resulting in lower total-cost-of ownership. On the bottom-line, original products are cheaper than duplicates or substitutes.
- Journal rolls
- Receipt printer rolls
- Printer ribbons
- Spare parts
Customers-ATMs and banking equipment
- Finance Bank Zambia Ltd
- Zambia National Commercial Bank
- Investrust Bank Plc
- Inntermarket Bankig Corporation (Z) Ltd
- Indo-Zambia Bank Ltd
- Access Bank
- G4S Secure Solutions Zambia Ltd
Newtech Business System history
Newtech successfully brought Automatic Teller Machines (ATMs) from GRG of China in 2008 into Zambia, a market which was till then a monopoly of a MNC.
Newtech also introduced, for the first time, different business models for the deployment of ATM such as Use and Pay, Lease and Hire, which has been a great success.
Similarly in the retail business, Newtech successfully brought into Zambia in the year 2009, a low cost, more user friendly retail management and accounting software systems, challenging the monopoly position enjoyed by another MNC. This system has been accorded approval by Zambia Revenue Authority.