Asia Pacific Newsletter

February 2022

Dear ATMIA Member,

New data released by the RBA shows signs of a strong recovery for ATMS!

The signs of a strong recovery for the ATM Industry continue. has been particularly seen in the recently released RBA payments data, which has shown that demand for cash and ATMs has been increasing strongly since the easing of restrictions across Australia following the lockdowns in mid-2021. These numbers speak to the fact that while people were locked down and not leaving their homes, they were unable to use cash. This decreased use of cash was only temporary, and with increased spending and lowered restrictions in the past two months, we can be confident that this trend of increased withdrawals and cash use will continue.

The importance of maintaining a reliable means to access cash has recently been shown in a CHOICE survey which has painted a stark picture for access to cash and banking services in regional areas. It found some farmers face up to 5-hour drives to access banking services and ATMs. A key driver of this issue has been the closure of branches.

ATMIA sees the role of ATMs in solving this issue as critical and is committed to advocating for Australia's payment security. This cannot be achieved without cash, which is the most reliable and secure payment method available.

Finally, we encourage all industry stakeholders to join the celebrations of ATMIAs 25th year anniversary and be part of the ATMIAs biannual industry event for this region. The Next Gen ATMs & Payment event will be held in Sydney on 7th & 8th December. Undoubtedly, this two-day event will be the ATM industry’s major event for this region in 2022. For marketing and sponsorship details available at this event click here.

As always, the ATMIA team is always here to help, feel free to contact me anytime.

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

Reserve Bank of New Zealand consulting on cash system reform

Consolidating public and private cash sector functions into one or more public utilities, banks paying merchants that provide cash-out services on their behalf, requiring some merchants and government agencies to accept cash, and requiring banks to provide cash services are among options being considered by Te Pūtea Matua, the Reserve Bank of New Zealand.

“Our issues paper, ‘Future of Money – Cash System Redesign (Te Moni Anamata – He Whakahou i te Pūnaha Moni)’, reinforces our commitment to keeping cash available for as long as it is needed. We’re wanting input to develop the right set of policies to ensure the cash system is resilient and efficient in the face of changes in use and availability,” says Assistant Governor Christian Hawkesby. “We hope the options set prompts discussion and debate and identifies gaps or refinements.”

“Falling cash use for everyday needs and the retreat from cash services by banks and retailers threaten financial and social inclusion for some, and have the potential to undermine the important role cash provides underpinning confidence in private money in bank accounts. We call this acting as a value anchor. In times of uncertainty, people seek the security of cash – knowing money can be withdrawn from bank accounts into cash provides confidence that money in bank accounts is safe too,” says Mr Hawkesby.

The Reserve Bank’s consultation paper outlines a range of external drivers facing the cash system that will lead to significant resilience issues for the cash system if left unchecked. It sets out 16 possible policy responses that could help deliver a fit-for-purpose cash system and 8 policies that could operate as a coherent ‘bundle’ to appropriately shape incentives and address the Reserve Bank's objectives. Feedback is invited up until Monday, 7 March 2022.

Mr Hawkesby says the Reserve Bank plans to release a summary of submissions received on all three papers and an indication of the next steps before the end of April 2022.

As part of The Cash Welcome Group submission to RBNZ Future of Money, details of 5000 responses from NZ resident survey were in included. Results showed 98% of participants agreed cash acceptance needs to be mandated for food and essentials at physical retailers. To view, results click here.

Going forward, the Cash Welcome Group plans to make a similar submission to the RBA Payment System to ensure cash remains part of the Australian Payment System.

The Cash Welcome Group has a 10-question Australian survey on investigating the preferred payment methods for goods and services at physical retailers. To start the survey - click here

If you have any questions or require information, feel free to contact Jason Bryce.

Highlighting a quarter century of progress, networking and events promoting the global ATM industry

We invite you to commemorate our 25th anniversary and walk down memory lane by clicking through this slide show.

Training at your fingertips

Start your training today

This Position Paper overviews the benefits of recycling cash at ATMs with universal deposit-taking by:

1. Increasing the relevance of ATMs in an era of declining bank branches

2. Keeping the costs of cash competitive

3. Increasing foot traffic at ATMs for additional transactions

Read the full position paper here.

Featured Reports

ATMIA recently published premium reports on a wide variety of topics from security to the future of the industry – to provide you with a competitive edge in growing your ATM business in the ever-changing ATM marketplace.

Next Gen ATMs Business Case Toolkit -

New- Next Gen ATM User Interface & Metrics

Next Gen Deployer Guide

Next Gen ATMs Business Case Toolkit

US IAD Report

Canada IAD Report

Africa IAD Report

National IAD Study Australia

National IAD Study Germany

National IAD Study UK

White Paper on Dual Migration to Windows 10 and Next Gen ATM Architecture

Offenses Involving ATMs: Insights into How Offenders See ATMs as Targets

ATM Industry News and Items of Interest

ATMIA Releases 25th Anniversary Slideshow
Published Monday, February 7, 2022

ATMIA Celebrates a Quarter of a Century of Service to the Global ATM Industry
Published Tuesday, January 18, 2022

SHAZAM Implements ESQ’s OperationsBridge Platform
Published Monday, January 17, 2022

FIS Named to FORTUNE’s 2022 Most Admired Company List
Published Thursday, February 03, 2022

December Pro-Cash Newsletter
Top stories on Cash

The Great Covid Cash Surge.

Report Predicts Cash Usage Rebound

Cash a Vital Payment Choice in the Digital Economy

NYC businesses told to pay up after not accepting cash

The Role of Cash in a Digital World

Read full newsletter

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.

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