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Sandra Smith, Executive Director Asia Pacific
E: [email protected]
T: +61 4 24 300 660
What to expect in March 2021
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 re-assuring 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 this month ATMIA will continue to reach out to other associations and chambers to promote the importance of payment choice.
ATMIA continues to have a clear direction for our members, not only will we remain committed to our four-step Cash Revival Plan in 2021. ATMIA also knows the importance with respect to the technological advancements and innovations that are seen in the Next-Gen ATM project. Spearheaded by ATMIA this project will future proof the ATM and guarantee its relevance to our industry for many years to come. Become NextGen Certified today click here for more details.
ATMIA continues its advocacy work with the cash mandate petition reaching over 10,000 signatures. We will maintain the momentum by reaching out to key stakeholders and building connections in support of the mandate in order to secure the role of cash as a method of payment. For those who have not yet signed the petition, please click here.
In February ATMIA held a meeting with AusPayNet to discuss the return of the TAP + GO payment limit of A$100 no pin limit. As previously outlined Tap and Go payment limit was increased in response to health concerns at the start of the pandemic. However, as COVID-19 local transmission have substantially reduced and the roll out of vaccinations in Australia to start in February, ATMIA feels the current arrangement of Tap & GO payment is no longer appropriate and needs to be return to its original limit A$100 no pin. To read the full report click here (members only)
As we all make the most of the recovery, industry events will be crucial to sharing ideas and promoting growth. We will be holding two events for this region this year, Next Gen Asian ATMs Singapore 28th-29th July and Next Gen ATMs & Payments: Innovate Advocate & Inspire in Sydney held on 9th &10th December. If you would like to present or sponsor at these events, do not hesitate to contact [email protected] .
Asia Pacific Industry Position Paper: Calling for a mandate on cash transaction below $10,000- (effective July 2020)
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.
Member of the Month- March
Glory Global Solutions
Updates Next Generation Banknotes in 2020
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