Guardforce Cash Solutions Security (Thailand) Company Limited (“GFCS”), Guardforce AI’s operation division for legacy secured logistics and smart cash solution, has expanded its services with a government-owned bank in Thailand, building on an initial agreement signed earlier this year.

The newly signed contracts are followed up by more than a three-year agreement of 400 ATM units management services earlier this year. In these additional contracts, the relationship expanded further by adding 300 ATM units management in upcountry area, along with a cash center operation service — bringing the bank's total ATM footprint under GFCS operation to approximately 700 units nationwide within eight months, and extending the partnership beyond ATM services.

The pace and scope of this expansion reflect the reliability of GFCS's operations and the trust the bank has placed in the partnership since the initial agreement. Through managing Bank of Thailand’s Consolidated Cash Center in upcountry area, GFCS formed competitive advantage in cash logistic and cash processing, helping to winning bidding in this area. It also broadens GFCS's customer base and strengthens the depth of its service offering within Thailand's upcountry network.