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 September 2022

This month saw the release of results from a survey conducted by the Cash Welcome Group. The survey was conducted in response to the recent announcement by the Reserve Bank of Australia, that it would be actively researching central bank digital currency (CBDC) as a complement to existing forms of money. The survey is ongoing and has presently received results from over 6,000 Australians. The key message from the survey is clear: the majority of Australians do not think a digital currency is needed, and that physical notes and coins should be retained.

ATMIA will continue to work with its partners across the industry, including with the Cash Welcome Group to ensure the message of the importance of maintaining cash as a payment method and push back against attempts to ban or transition away from cash as a payment option. The link to the survey is still open – click here to complete the survey.

Exciting developments continue as we prepare for the 2022 Sydney event.

Next Gen ATMs & Payments to be held 7th and 8th December @ The Grace Hotel, Sydney

The Australian market has undergone an extraordinary transformation recently. With new ideas and technology sweeping the industry along with innovative security and customer interface solutions, our pathway to future success has never been clearer. Join ATMIA along with local and international experts to discus how to harness the full potential of the industry in Asia Pacific.

Early bird rates are currently being offered, so book your ticket today for your largest savings to this region's industry event. Dont Delay and register today...... click here

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. Click here for more details.
Effective April: RBA:NGB100 Transportation Banknote Orders is now open
Effective May: the latest newsletter from the RBA click here
Effective June: New $20 Assurance Banknotes Orders is now Open :click here
Effective August: Update from the RBA click here
Effective October : New $20 Enters General Circulation.
Effective end October: New $100 Test material for banknote equipment manufactuers.
Update November 2019
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 click here

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

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