Japan's Seven Bank expands into Malaysia, targets 100 CRM units at 7-Eleven stores this year

Seven Bank president and representative director Masaaki Matsuhashi

KUALA LUMPUR: Seven Bank Ltd, the banking business of the 7-Eleven group in Japan, has expanded its business to Malaysia, targeting to install 100 units of Cash Recycling Machines (CRM) at selected 7-Eleven stores in Kuala Lumpur, Selangor, Johor and Penang this year.

The CRM, which would be known under the brand name, Reachful, includes services such as automated teller machines (ATMs) and cash deposit machines (CDM).