Guardforce AI gets 5-year deal to operate cash center in Chiangmai, no terms

Guardforce announced Guardforce Cash Solutions Security company GFCS , a subsidiary of Guardforce AI, has successfully secured a 5-year contract to operate Consolidated Cash Center CCC in Chiangmai on behalf of the Bank of Thailand BOT , commencing at the end of 2024. Prior to winning the contract in Chiangmai, GFCS had already secured multiple 5-year contracts to operate CCCs in Ubonratchathani, Phitsanulok, Hadyai, and Khon Kaen over the past three years. With the addition of Chiangmai CCC, GFCS will become the largest CCC operator on behalf of BOT, managing five CCCs in total, which accounts for 50% of BOT’s CCCs. Through the five CCCs, the service range covers 44 out of 77 provinces and approximately 1,900 ATMs, spanning from the north and northeast to the far south of the country.