Monetary Authority of Singapore (MAS) has appointed Certis Group as the nation's 'Circulation Coin Operator and Manager' for the next five years.
Under the contract with MAS, Certis is responsible for the cirulation of coins in Singapore for MAS. It covers the distribution and processing of coins, which includes counting, authenticating and fitness sorting.
Embracing technological disruptions, Certis is also utilising technology to its operational advantage - automation technologies such as High Speed Coin Counting Machine and Coin Inventory System.
MAS Appoints Certis Group for the 2nd Time
As the market leader in the security industry for close to 60 years, Certis is no stranger to secure cash management services. In addition to managing the circulation of coins in Singapore, Certis is also managing the processing and distribution of the S$2 and S$5 notes on behalf of MAS.
MAS first appointed Certis Group to manage the nation's S$2 and S$5 notes in 2011 and subsequently in 2015 for an additional 5 years.
Certis Group - Your Trusted Integrated Security Partner
Obtaining consecutive contract renewals with MAS is certainly no coincidence. It takes a high level of trust and consistent service delivery to always be entrusted to play a critical role in the infrastructure that keeps Singapore's economy going.
That is why at Certis, there is no room for resting on one's laurels. The Certis Group today has evolved, and it is now a leading tech-enabled integrated solutions provider that offers a suite of services - from Cybersecurity, Business Digitisation, Business Process Outsourcing to Financial Transactions and Services Outsourcing.