Diebold is cooperating with Sinopec and local commercial banks to deploy ATMs in Sinopec’s fuel stations in Beijing. Sinopec is China’s largest oil refining and petrochemical company and is an official sponsor for the Beijing 2008 Olympic Games.

Financial institutions like China Merchants Bank have shown a strong interest to align with Sinopec and deploy and expand their off-premises ATM delivery channels at about a dozen fuel stations strategically positioned along two major thoroughfares in cities just outside Beijing. For example, the Beijing branch of China Merchants Bank has installed its first Diebold Opteva(R) 562 ATM at Shi Li He gas station, located in one of the busiest commercial areas in Beijing. Other Sinopec stations in and around primary business districts in Beijing are also being targeted by other China banks.

Sinopec’s Beijing branch plans to remodel its 268 fuel stations in the Beijing area before the 2008 Olympics. The renovated stations will provide additional value-added services, such as convenience stores and automated car washes. Quick service restaurant drive-through lanes will be established at some of the larger stations.

Sinopec owns nearly 30,000 fuel stations throughout China, it is an excellent opportunity for banks to leverage this huge network, increase revenue and expand consumer touch points via high quality, around-the-clock ATM services, said Daniel Hu, Diebold’s vice president and managing director, North Asia and China.

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