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 May 2021

Once again the importance of cash as both a payment method and a store of value has been clearly demonstrated. A recent analysis released by the Reserve Bank of Australia has shown that during the uncertainty of the pandemic, people turned to cash as a way to secure their financial position. This speaks to a more important point: cash is the most secure and reliable means of making payments. As Reserve Bank Governor Lowe explained, “cash does not require the internet to be up, electricity to be working and the banks' systems to be operational”. Beyond the pandemic, the recent flooding events in New South Wales have emphasised the need for cash as a way to provide certainty and a dependable means of payment. To view the RBAs trends in cash during the pandemic click here.

The minutes from ATMIAs 1st Strategic Direction conference forum held in April is now available, to read the full report click here.

As we continue to 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 28^th-29^th July and Next Gen ATMs & Payments: Innovate Advocate & Inspire in Sydney held on 9^th &10^th December. If you would like to present or sponsor at these events, do not hesitate to contact [email protected].

Finally, ATMIAs new Position Paper on Universal Cash Deposits at ATMs to view click here

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.

Member of the Month- April

Glory Global Solutions

A GLOBAL LEADER IN CASH TECHNOLOGY SOLUTIONS

Across the financial, retail, gaming and CIT industries, we’re helping our customers automate their cash processes to increase efficiency, enhance security and release staff to focus on the experience they deliver. Understanding each customer’s specific challenges allows us to design custom solutions that deliver real improvements in business performance. To read more click here

Updates Next Generation Banknotes in 2020

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

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