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How to Start a Monetary & Banking Equipment Trading Business with Meydan Free Zone
The UAE is home to over 50 licensed banks, more than 100 exchange houses, thousands of ATMs, and one of the most advanced fintech and digital payments ecosystems in the world. Every bank branch, exchange house, cash management operation, and government treasury function requires specialist monetary and banking equipment — from ATMs and cash recyclers to currency counting machines, coin sorters, counterfeit detection devices, and vault equipment.
The global ATM market was valued at USD 21.9 billion in 2024 and is projected to grow at a CAGR of 5.7% through 2032.[1] The UAE's large number of financial institutions, high-density ATM network, and active cash management sector sustain consistent demand for banking and monetary equipment across commercial, government, and retail financial service channels.
4773.c4 - Monetary & Banking Equipment Trading
Activity 4773.c4 covers the trading of monetary and banking equipment. This encompasses ATMs and cash dispensers, cash recyclers, currency counting and sorting machines, coin sorters, counterfeit currency detection devices, banknote strapping and bundling machines, vault and safe equipment, night deposit safes, and all equipment used in financial institutions, exchange houses, and cash management operations for handling, processing, counting, and securing currency.
Activity 4773.c4 covers monetary and banking equipment. Electronic cards for banking applications fall under activity 4773.94.
General security equipment falls under 4773.c6.
In short: if you are trading equipment for monetary processing and banking operations, you are in. Banking cards fall under 4773.94 and security systems fall under 4773.c6.
Who is this for?
| Audience Segment | Profile |
|---|---|
| BANKS & FINANCIAL INSTITUTIONS | Banking Equipment Traders Traders supplying ATMs, cash recyclers, cash dispensers, night safes, and banking equipment to retail banks, investment banks, and financial service branches requiring customer-facing and back-office cash management equipment. |
| CASH MANAGEMENT & EXCHANGE | Cash Handling & Currency Equipment Distributors Distributors supplying currency counting machines, coin sorters, counterfeit detection devices, cash sorting and bundling equipment, and cash management tools to exchange houses, cash-in-transit companies, and retail operators. |
Activity Details
| Category | Scope |
|---|---|
| ATMs & cash dispensersFull-function ATMs, cash dispensers, deposit ATMs, and multi-function banking terminals for retail bank and self-service financial transaction deployments. | Counterfeit detection equipment UV counterfeit detectors, magnetic banknote checkers, infrared detection devices, and multi-function counterfeit currency verification equipment. |
| Cash recyclers & teller systemsTeller cash recyclers, smart safes, and automated cash handling systems for bank branch teller operations and back-office cash management. | Vaults, safes & night deposit equipment Bank-grade safes, modular vaults, night deposit safes, and secure cash storage equipment for bank branch and retail cash security. |
| Currency counting & sorting machines | Banknote counting machines, mixed-denomination counters, and high-speed currency sorting machines for bulk cash processing in banks and exchange houses. |
Third-Party Approval
This activity does not require third-party approval to obtain a business license from Meydan Free Zone.
Anti-Money Laundering Compliance
This business activity is not subject to AML compliance requirements.
References
- ¹ Industry data — Global ATM Market.
