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 2022

Recently released Reserve Bank of Australia data on the Australian Payments Landscape has demonstrated that the recovery of cash and ATMs continues to gather momentum. In the most recent reporting period, March 2022, the total value of cash withdrawals at ATMs reached a 10-month high.

This strong recovery is evidence that despite the claims of some that the lockdowns and pandemic have pushed us toward a cashless society, there is still strong demand for cash. More than ever, people are turning to cash for its anonymity, reliability, and ease of use. As the recovery continues it is essential that we continue to promote the importance of cash as a payment option and push back against attempts to limit payment choices.

ATMIA continues its support with the Cash Welcome Group on promoting a petition to the Australian Government calling for theGovernment to secure the right for Australians to choose cash as a payment method. With over 80,000 Aussies signed the petition to stand up for our right to choose cash. For more details click here.

Start planning for our face to face industry events in 2022:

· -Next Gen Asian ATMs: 27th-28th July: Singapore

· -Next Gen ATMs & Payments: 7th-8th December: Sydney

A gentle reminder Our Call for Speakers to both events is now open for submissions. We encourage global experts to come and discuss a path forward for the future of the industry. Sessions are allotted 30-40 minutes if time and can be in the form of a sole presenter, joint presentation, or panel discussion. For more information on either event please contact [email protected]

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

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