Asia / Asia Pacific

Bookmark this page to keep informed of the latest news, as well as upcoming meetings and conferences.

Sandra Smith, Executive Director Asia Pacific
E: [email protected]
T: +61 4 24 300 660

What to expect in June 2024

Last month, substantial developments occurred in the government space. The Senate Standing Committees on Rural and Regional Affairs and Transport has released its final report into Bank closures in regional Australia. ATMIA has been closely following and involved in this process and submitted to the committee, strongly advocating for the importance of maintaining payment choice and access to cash. The final Report adopts a strong pro-cash position. Of note, one of the key recommendations of the report is that the Government should commit to guaranteeing reasonable access to cash:

Recommendation 1

The committee recommends that the Australian Government adopt a policy recognising access to financial services as an essential service. To this end, it should commit to guaranteeing reasonable access to cash and financial services for all Australians.

We were pleased to see that the report echoed many of the arguments we have consistently raised in the fight against a cashless society. It highlighted several case studies of disadvantaged, vulnerable individuals and communities impacted by natural disasters. This reaffirms that Australians value payment choice and that more action is needed to secure this.

To read the full list of recommendations click here.

Upcoming events-

ATMIA will continue to inform members of updates from law enforcement and the Australian Federal Police.
ATMIA, in collaboration with the Asian Cash Management Association, is updating the Best Practices for Securing Deposit and Cash Recycling.
A security webinar in SE Asia, inviting security experts to share insight into the criminal trends within this region—Estimated July/August.
ATMIA will hold an open forum for industry stakeholders in this region on emerging trends and technology. The date TBC is July/August. Further details will follow.

Let’s continue to work together and mark 2024 as a year of opportunities.

Member of the Month

TrustLink Co.,Ltd. – one of the leading business companies supporting domestic banks in Myanmar since the banking sector started booming.

Trustlink has been a System and/or Solution Integration Company by delivering state projects and eGovernment projects, providing ICT and security hardware, developing systems and software, and supporting with range end-to-end solutions as total complete solutions. We have a good reputation in the financial industry for supplying World No.1 ATM/CDM to banks. We can offer powerful payment system that can drive various payment delivery channels. We can offer powerful payment system that can drive various payment delivery channels. We are the market leader in supplying the World No.1 card personalization and issuance solution to banks. TrustLink is the system integrator that can provide turn-key solutions in the payment cards space.

The company is established in 2010 by engineers having different profound knowledge and experience for more than ten years in printing industry, trading and commerce, financing and ICT. With strong expertise and efforts, TrustLink has affirmed its root and strong base in the IT solution integration space, and become market leader in many areas in a very short time. Since we are providing government solutions, identity solutions, security solutions, financial solutions, IT hardwares and software, online security and solutions and other in customer-oriented approaches. We proudly have added, and are still adding value to our customers, clients, the industries and even our country.

TrustLink is the authorized sole distributor and service partner for NCR ATM products and solutions in the whole country of Myanmar. We also become local partner for several market leading branded products in financial and card industry – Yalamanchili, Alaric, VeriFone, MK, SafeNet – just to name a few. We are the one and only authorized partner for DataCard products and solutions for Myanmar. We have provided more than five prestigious private banks and more than two state owned banks with card embossers/printers and ATMs to several banks of both sectors, which are operational in the payment card systems of Myanmar. We believe we can bring the best value, if not the highest, to your business in achieving your strategic goals. Visit their website.

Growing The Industry Through Collaboration

Signs promoting the use of cash at retail outlets are popping up everywhere. Anyone interest in getting these signs for free or passing on to interested parties are encouraged to contact the Cash Welcome Group click here.

Get FREE Signs

Updates from the RBA in 2023

Corporate Plan 2023- Specially - Support access to physical cash. Assist the Australian Government in developing policy options and continegency plans to ensure those who need or want cash can obtain it.
ATM Cash withdrawal data to April 2023
Bulletin- March 2023- The Cash use Cycle in Australia

Updates Next Generation Banknotes in 2022

Banknotes Industry Update- April 2022
RBNZ-Future of Money-Cash System(Te Moni Anamata)-open for submissions until Feb'22
RBA -Review of BankNote Distribution arrangement-open for submissions until Jan'22

Updates Next Generation Banknotes in 2020 / 2021

Updates Next Generation Banknotes in 2019

Effective February the RBA revealed the designed of the New $20 banknote.
Effective April: RBA:NGB100 Transportation Banknote Orders is now open
Effective May: the latest newsletter from the RBA
Effective June: New $20 Assurance Banknotes Orders is now Open
Effective August: Update from the RBA
Effective end December $100 transportation notes will be made available for order around April and the first print run of $100 production banknotes will be available at the end of 2019. RBAs Industry Engagement Hub

Important dates:

The Reserve Bank of Australia: Next Generation Banknotes

The fifth denomination of the new series was the $100 and was released on the 29th of October 2020.
The fourth denomination of the new series was the $20 banknote and was released in October 2019.
The third denomination of the new series was the $50 banknote and was released in October 2018.
The second denomination of the new series was the $10 banknote and was released in September 2017.
The first denomination of the new series was the $5 banknote and was released on the 1st of September 2016.

Asia Pacific Industry Position Paper: Calling for a mandate on cash transaction below $10,000- (effective July 2020)

Position

Some retailers have gone cashless, which denies members of the public the freedom to choose how they wish to pay for goods and services. Cash, as public money, is guaranteed as legal tender and yet cannot be used at these cashless retail outlets. In addition to being public money, cash is a back-up when systems fail or malfunction. With the recent introduction of a $10,000
limit on cash transactions in Australia, it is essential to secure the role of cash as a payment option for transactions below this amount. The ATM Industry Association proposes a mandate for cash as a payment option for in-person transactions below $10,000. To read the full paper click here.

ATMIA in conjunction with Cash Welcome continues our fight against a cashless society to ensure cash remains part of the Australian payment system.

Following months of building a board base support for the cash mandate, to protect the option to use cash at retail establishments, a petition is now open to members of the public to sign. This represents a new phase in the campaign to have cash-secured as a payment option for all citizens. ATMIA will continue to advocate strongly for a cash payment option in order to guarantee long-term security, stability and accessibility of the Australian payment system to all.

To sign the Cash Welcome.org petition click here

ATMIA will continue to reach out to numerous associations and organisations outside the ATM Industry to gain their support for a ban on cashless retail outlets, in order to keep payment choice alive.

Membership Highlights

Member Referral - New members save 20% off fee and referring company can get up to $250 off per year for their membership dues. Companies can find their member code to provide companies at - https://www.atmia.com/membership/my-account/?a=referrals
Member Blogs - Board thru Sponsorship level members can add the RSS feed to their company blogs for listing on our website and social media. This will significantly increase the reach of their content. Link to add RSS feed - https://www.atmia.com/membership/my-account/?a=rssfeeds
Board Members & Sponsors Encouraged to Share their Newsletters with ATMIA to further expand your marketing reach through our website and social media
ATM TUBE: ATMIA’s ATM tube where members can upload and view videos on industry-related topics. This is our own industry space for enjoying videos about all things ATM in a focused way without distractions. Please share your industry videos
ATM Industry Career Center: Looking to hire a new, qualified employee? Post job openings from the comfort of your desk to reach qualified job seekers
ATMIA Logos: As a member of ATMIA we encourage you to download our logo and use on your communication and website designating you as a member of ATMIA