Cash remains an indispensable part of the payment system.
Cash remains an indispensable part of the payment system.
Dear Amber,
The growing optimism of the industry continues to show as the vaccine rollout provides greater certainty and direction. With current predictions pointing to full vaccination by October 2021 the importance of planning to fully utilise the opportunities that await cannot be understated.

It is also very reassuring to see more voices calling for payment choice and pushing back against the anti-cash agenda. An increasing number of businesses are promoting that they use cash and ATMIA is in contact with other associations and chambers to promote the importance of payment choice. This was seen in a recent statement by Paul Zara from the Australian Retailers Association, who stated on 22/2: 
So many retailers are investing heavily in delivering a great experience, particularly during COVID-19. But at the end of the day, if you are not letting your customers close-out their transactions the way they want, all of this can be in vain. It’s why the Australian Retailers Association is calling on businesses to offer payment choice, especially as we do all we can to re-build an even more resilient sector in 2021,” Paul said. 
The importance of cash has also been shown in a report released by ASIC late last year, which drew attention to the serious issues presented by cashless, buy now pay later companies. ASIC found twenty-one percent of buy now pay later customers had missed a payment. Twenty percent cut back or went without essentials because they'd overspent. Twenty percent missed other major bills including household payments and mortgages. Fifteen percent had to take out additional loans to make ends meet. And of those who were in financial trouble, fifty-two percent had more than one account.
This all drives home one of the key advantages of cash: you can easily budget and avoid overspending, because when cash is gone, it's gone.
Earlier this month, Woolworths acknowledged the issues in going fully cashless: backflipping on its decision to make a number of stores cashless. This underscores the importance of cash as a payment method and serves as a valuable lesson to retailers everywhere: go cashless and you will face negative consequences. 
A gentle reminder for the following, the "Save Cash" petition is still open for signing. Please click here to have your voice heard.
Also, our upcoming webinar on Next-Gen ATM Certification Journey to be held on 24th March. This is a free service to our members and we encourage you all, to take some time out and join this forum. To register click here
Have no doubt, ATMIA will continue to serve our members and advocate for cash to remain an integral part of the Australian Payment System. We thank you all for your continual support, lets continue to work together to ensure the future of this industry for decades to come.


Thanks

Sandra Smith
Executive Director, Asia Pacific 
ATMIA
sandra.smith@atmia.com
C: +61 424 300 660

Point of Interest

ASIA PACIFIC BOARD MEMBERS
ATMIA Member Benefit
Featured Reports
ATMmy's - the only marketing awards for the ATM industry is officially accepting submissions through March 1st. Will you be the next industry winner? 

Click here for more information.

ATM Industry News and Items of Interest.


Prosegur, the world's first security group to sign up to 'The Climate Pledge' initiative
Published Thursday, March 4, 2021

‘The Climate Pledge’ is a commitment to achieve a net zero CO2 emission target by 2040, a decade ahead of the Paris Accord goal.

ACI Worldwide to Appoint Two New Independent Directors to the Company’s Board of Directors
Published Thursday, March 4, 2021   ACI Enters into Agreement with Starboard

UPCOMING WEBINARS: Register Today!   Published Wednesday, March 3, 2021

Visa’s Mission to Digitally Enable Small Businesses Gains Momentum Across Europe
Published Monday, March 1, 2021

As part of the Covid-19 economic recovery, Visa is making great strides towards its goal to help eight million small businesses across Europe to adapt and take advantage of digital commerce

ACI Worldwide and InComm Payments Partner to Digitize Cash Payments, Driving Financial Inclusion Amid the Pandemic   Published Monday, March 1, 2021

Cash-preferred consumers can use barcode payment tokens at participating retail locations to quickly pay bills with cash

Global

SafePay SCO Meets Rising Demand for Self-Checkouts   Published Thursday, March 4, 2021

Gunnebo Cash Management has launched SafePay Self-Checkout – a solution which makes it possible for consumers to pay with notes and coins at self-checkout stations.

Ria Money Transfer Extends Official Atlético de Madrid Sponsorship   Published Thursday, March 4, 2021

Ria Money Transfer increases back-of-shirt and official money transfer partner sponsorship term with 10-time La Liga champions

Diebold Nixdorf Partners With A Top-10 Global Financial Institution On Next-Generation Debit Processing
Published Thursday, March 4, 2021

Cloud-native software provides a common platform for consumer banking transactions to meet evolving, cross-channel customer needs for burgeoning new payment types

ACI Worldwide to Appoint Two New Independent Directors to the Company’s Board of Directors
Published Thursday, March 4, 2021

ACI Enters into Agreement with Starboard

ACI Worldwide and the Internal Revenue Service to Offer New Tax Payment Options for Taxpayers—Including Unbanked and Underbanked Populations—with ACI
Published Thursday, March 4, 2021

ACI is the first and only provider to make cash transactions possible for taxpayers through new digital barcode feature

UPCOMING WEBINARS: Register Today!
Published Wednesday, March 3, 2021

Visa’s Mission to Digitally Enable Small Businesses Gains Momentum Across Europe
Published Monday, March 1, 2021

As part of the Covid-19 economic recovery, Visa is making great strides towards its goal to help eight million small businesses across Europe to adapt and take advantage of digital commerce

ACI Worldwide and InComm Payments Partner to Digitize Cash Payments, Driving Financial Inclusion Amid the Pandemic   Published Monday, March 1, 2021

Cash-preferred consumers can use barcode payment tokens at participating retail locations to quickly pay bills with cash


Visibility

Member to Member Introduction Service

Connecting with ATMIA members is easy with our member to member introduction service.
Sign into your account on the ATMIA website home page. Then go to the Member Directory and search for new contacts by keyword, company type, country or region. Full contact and other pertinent information is displayed for each ATMIA member.
Simply click the Request Introduction button to email a personalized message with your contact information. Recipients will know that ATMIA sanctioned your outreach. Try it Now...

Brand Building Opportunity 

Sponsoring ATMIA's Asia Pacific newsletter can help your company build brand awareness, stay top of mind, increase customer loyalty, and drive new sales.  

A Terrific Resource 


Is ATMIA's Executive Director, Sandra Smith, for the Asia Pacific region. Feel free to reach Sandra by email at sandra.smith@atmia.com or telephone +61 424 300 660 anytime. 
AP Global Board Members
Asia Pacific Regional Sponsors
Global Sponsors

powered by emma