Guardforce AI to Operate Consolidated Cash Center in Hadyai Thailand

Nov 30, 2021 By MarketDepth

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Guardforce AI Co., Limited (NASDAQ: GFAI) has reported that its subsidiary, Guardforce Cash Solutions Security Company Limited has been selected to operated a Consolidated Cash Center for Hadyai CCC.  This decision was made by the Thai Bankers’ Association and representatives of financial institutions and the Bank of Thailand.  Hadyai CCC in the south is a newly built facility completed earlier this year and is the only CCC that the Bank of Thailand maintains in the deep southern region of Thailand.  This CCC will cover seven provinces in total including Trang, Satun, Songkhla, Phatthalung, Yala, Pattani and Narathiwat.

“We are delighted that we have been selected to operate this facility. This is a milestone for us and we will continue providing the best service to our clients and customers. Winning this bid is further evidence that we are increasing our creditability with the Thai government while also increasing our market leading position in the cash center outsourcing market.”

Kee Yun Kwan, the Chief Operating Officer at Guardforce AI

Earlier in 2021, GFCS was also selected to operate for a period of five years the CCC in the Khon Kaen province of Thailand.