Spain’s largest grocery retailer with StrongPoint’s new cash management solution

‘CashGuard Connect’ was specifically designed to address the cash-handling challenges faced by grocery retailers. The new solution is operational and being tested in a store checkout of the grocery retailer Mercadona, which has more than 1,660 supermarkets in Spain and Portugal.

Following the setup of an industrialized production, the ground-breaking solution is set to be made available to grocery retailers by the end of 2025, providing them the opportunity to drive substantial efficiency savings in their cash management operations.

‘CashGuard Connect’ provides end-to-end cash automation at the point of sale, eliminating the need for staff to handle cash. This allows staff to focus on serving customers and scanning items at the checkout, streamlining the process. The result is increased safety and efficiency for customers, store staff, and the retailer.

“In Spain around half of all transactions in grocery retail is done with cash. At StrongPoint we believe that technology can create win-wins for retailers and their customers. ‘CashGuard Connect’ is a perfect example of this dual benefit: a better, easier, and faster customer experience while making store operations more cost-effective and secure. This new solution is a significant technological advancement for grocery retailers," said Lorena Gómez, MD and SVP of StrongPoint Spain.

“The potential for ‘CashGuard Connect’ is immense. This new solution offers substantial efficiency savings to grocery retailers. Given its significant savings and benefits for retailers, their customers, and employees, it is conceivable that the total market potential of this solution could surpass a quarter of a billion euro in Spain alone. We expect to have the industrialized production ready for retailers by the end of 2025,” said Jacob Tveraabak, CEO of StrongPoint.

The front and back-end elements of the solution can be sold separately or installed as a complete end-to-end solution depending on the unique needs of the store and its infrastructure. The solution was developed by StrongPoint Cash Tech S.L., a joint venture currently owned 60% by StrongPoint.