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ATMIA announced the launch of an ATM and Cash Revival Plan for an ATM industry hit hard by the COVID-19 pandemic.
“We have listened to our members who told us all their COVID-19 pain points in our recent survey and we are now committed to a series of actions aimed at starting an industry revival,” explained Mike Lee, CEO of ATMIA and Chairperson of the Consortium for Next Gen ATMs.
The advocacy plan has two prongs, a Cash Revival Plan and an ATM Revival Plan.
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A Time for Post-Pandemic Reinvention
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Groups representing the currency, ATM, transportation and security sectors call on governments, central banks, media, business and society to stand up for cash to protect the resilience of the existing payment ecosystem and ensure vulnerable groups are not deprived of the only means of payment that is available to all. Cash is safe: we should stop stigmatising its users.
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Currently, the coronavirus pandemic is nowhere near peaking and many economies, markets and societies around the world are starting to buckle under the strain of this spreading health crisis and the drastic measures taken to stop it in its tracks.
Meanwhile, the people surrounding the cash industry continue to work hard to ensure that citizens have access to funds during this critical time. ATMs and cash have always served an important function during other crises and emergencies in the world.
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