Cashway Partners with China Resources Recycling Group to Drive Green Transformation in Financial Sector

Tianjin, November 21 – Cashway, a leading financial technology solution provider, signed a strategic cooperation agreement with China Resources Recycling Green Supply Chain (Tianjin) Co., Ltd. (hereinafter referred to as “CRR Green Supply Chain”), a key subsidiary under the state-owned China Resources Recycling Group. The collaboration aims to integrate the strategic leadership of state-owned platforms with the resource advantages of top-tier financial technology enterprises, focusing on resource recycling in the financial sector. Driven by both technology and channel expansion, the partnership seeks to accelerate green transformation and industrial upgrading.

1. A Powerful Alliance: Combining State-Backed Resources with Financial Technology Expertise

The partnership brings together two industry leaders with strong backgrounds and complementary strengths.

CRR Green Supply Chain, under the supervision of the State-owned Assets Supervision and Administration Commission (SASAC), leverages the group's nationwide functional platform for resource recycling and reuse. It specializes in building a comprehensive green supply chain system, including secure destruction of confidential information carriers, recycling of waste materials from public institutions and large enterprises, and the operation of the “China Resources Recycling Station” network. Through innovative models such as integrated green sorting centers and front-end resource collection systems, the company has established a multi-level and efficient resource recycling ecosystem.

Cashway, a Shanghai Stock Exchange-listed high-tech enterprise and national manufacturing champion, has been a pioneer in smart banking solutions for over two decades. Its services cover China's six major state-owned commercial banks, twelve national joint-stock banks, thirty provincial rural credit unions, and over one hundred city commercial banks. With more than 300,000 terminal devices deployed nationwide, the company operates an academician expert workstation, a postdoctoral research station, and national-level technology and engineering centers. It also holds over a thousand patents and software copyrights, supporting a standardized system for the recycling and reuse of financial intelligent equipment.

2. Collaboration Focus: Building a “Golden Partnership” in Resource Recycling

The strategic cooperation is based on the principles of long-term stability, resource sharing, complementary advantages, and mutual benefit. It will focus on core resource recycling businesses in the financial sector, including electronic waste, office and business terminals, confidential storage media, and related obsolete materials.

By integrating channel networks, jointly developing technologies, and optimizing disposal processes, the two parties aim to reduce operational risks and disposal costs, increase market share and resource utilization efficiency, and establish a new model for resource recycling within the financial industry.

3. Industry Perspectives: Synergistic Effects and High-Quality Development

Zhang Yunfeng, Executive President of Cashway, commented, “CRR’s national resource recycling platform aligns perfectly with Cashway’s ‘technology + scenario’ financial ecosystem.” He emphasized that the partnership represents not only a deep integration of resources but also a milestone in the synergistic development of financial technology and the green circular economy.

Chen Yi, General Manager of CRR Green Supply Chain, stated that the company will leverage its nationwide resource recycling network and industrial expertise to establish an efficient and collaborative mechanism with Cashway. “This partnership will not only enhance national financial security but also promote high-quality development of the circular economy, injecting strong momentum into green and sustainable economic growth,” he added.

4. Outlook and Significance: Pioneering a New Model for “FinTech + Green Circulation”

Industry observers believe that the collaboration between Cashway and CRR Green Supply Chain represents a deep integration of state-led strategic influence and market-oriented resource advantages. By targeting resource recycling in the financial sector as a breakthrough point, the partnership showcases how financial technology and the green circular economy can progress in synergy.

This initiative goes beyond a typical commercial cooperation. It serves as a tangible implementation of China’s “Dual Carbon” goals, providing a replicable model for green and low-carbon transformation across related industries. The progress and outcomes of this partnership will be closely watched by the market.