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 January 2022
The Reserve Bank’s of Australia consultation paper on Review of Banknote Distribution arrangements represents one of the most important industry engagement opportunities this year The RBA is conducting a public consultation to determine what changes to Australia's banknote distribution system might be required so that banknote distribution is effective, efficient, sustainable and resilient. This is open for online submissions until 21st January 2022.
The RBNZ RBNZ-Future of Money-Cash System(Te Moni Anamata)-open for online submissions avaible until 7th March 2022
In response to the Payment System Review by the Federal Government, which indicated the importance of maintaining cash as a payment method into the future. ATMIA together with Australian Security (ASIAL) has used our collective resources and members to put pressure on the government to better articulate its long-term policy for securing the role of cash as a payment method. ATMIA will continue to work with ASIAL on this issue and will share further details at the Strategic Direction teleconference scheduled for March.
ATMIA will continue to support the Cash Welcome Group on promoting a petition to the Australian Government calling for the government to secure the right for Australians to choose cash as a payment method. With over 75,000 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 event:
· -Next Gen Asia 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]
What's new to ATMIA
- ATMIAs new Position Paper on Universal Cash Deposits at ATMs to view click here
- ATMIA & ATM Security Association launches world first crisis and Crime Management Intelligence System for the ATM Industry. To read more click here.
Updates Next Generation Banknotes in 2020 / 2021
OVERVIEW 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)
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.
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