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 April 2024

This month began with an essential reminder of the ongoing relevance of cash: Cash Day Tuesday on 2 April 2024. This day has been promoted in the media and social media to encourage people to withdraw cash and support small businesses by making cash payments. Apart from being a valuable reminder of the role of cash in the payment system in providing a secure, reliable and private means of making payments, it is also a powerful way to support small businesses struggling in an environment where mounting fees associated with cashless payment methods are lowering their profit margins. Given the ongoing debate surrounding the role of cash, this message must be repeated every day of the year as we continue in the fight against calls for a cashless society.

I want to bring to your attention some upcoming events in this region for you to consider:

30th April - Strategic Direction Committee Direction. We are addressing the following industry issues:
- Senate Inquiry to Bank Closures in Regional Australia – due to be released in May 2024.
- Treasury review of Australia’s Payment System – ATMIA will monitor developments in this space.
- The NSW Cashless Poker Machines is scheduled to start in 2024. It is expected to report to the NSW Government in November 2024. All members will be forwarded relevant info for this forum.
A one-day industry event to be held in Sydney - dates to be confirmed.
ATMIA will continue to inform members of updates from law enforcement and the Australian Federal Police.
ATMIA, in collaboration with the Asian Cash Management Association, is updating the Best Practices for Securing Deposit and Cash Recycling.

Let’s continue to work together and mark 2024 as a year of opportunities.

Member of the Month

Congratulations to Bank South Pacific for being selected as the April Member of the Month for the Asia Pacific Region. BSP has been a loyal Associate member of ATMIA for 8 years.

We have knowledge, history, experience and a commitment to the region that other financial institutes cannot offer. At BSP, we're proud of our whole of bank capabilities whereby our teams in Corporate, Retail, Paramount and Treasury.

BSP has the largest branch network in Papua New Guinea, Cook Islands, Fiji, Solomon Islands, Samoa, Tonga and Vanuatu with branches and sub branches in cities and towns in these countries and also in remote rural locations. Our branch network is complemented by electronic banking networks. This capability is unmatched by our competitors.

Check out their website for additional information and services offered.

Growing The Industry Through Collaboration

Signs promoting the use of cash at retail outlets are popping up everywhere. Anyone interest in getting these signs for free or passing on to interested parties are encouraged to contact the Cash Welcome Group click here.

Get FREE Signs

Updates from the RBA in 2023

Corporate Plan 2023- Specially - Support access to physical cash. Assist the Australian Government in developing policy options and continegency plans to ensure those who need or want cash can obtain it.
ATM Cash withdrawal data to April 2023
Bulletin- March 2023- The Cash use Cycle in Australia

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.
Effective April: RBA:NGB100 Transportation Banknote Orders is now open
Effective May: the latest newsletter from the RBA
Effective June: New $20 Assurance Banknotes Orders is now Open
Effective August: Update from the RBA
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

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