Update from Sandra Smith

Global consulting firm McKinsey and Company has recently released its annual Global Payments Map for 2021. This report has surveyed trends in relation to payments across the world. A key message that has come from the report is that despite increases in digital payments in some markets, cash remains the top in-person point-of-sale (POS) payment method in Southeast Asian markets, including Thailand (where it accounts for 63 percent of POS transaction value), Vietnam (54 percent), Indonesia (51 percent), and the Philippines (48 percent).

The report is an important reminder of the ongoing relevance of cash to billions of people across the globe. They depend on cash as a reliable, secure, and accessible method of payment. There are no barriers to using cash, it is universally recognised, and does not fail when it matters most. There are many exciting opportunities that lie ahead for ATMs in South East Asia as people continue to demand cash as a preferred payment method.

The way forward for this industry to thrive is to collaborate and share ideas. A great opportunity for this is through the upcoming ATMs & Payment event being held on 7^th & 8^th December in Sydney.

This two-day industry event will bring together regional and global experts to discuss together a path forward toward greater innovation and higher levels of security.

Over the course of the two days, attendees will hear an impressive array of world-class international and domestic speakers, including, but not limited to: 

• Reserve Bank of Australia- Cash Demand & Use during COVID
• CIBC- Optimizing ATM Network
• Eftpos Australia- Future of Cash in Australia
• NCR- Cash in a Branchless World
• Oberthur Cash Protection- Evolution of Security in the Next-Gen ATMs
• NSW Police Force- A comprehensive update on crime against ATMs in NSW.

To view, the full agenda click here

Time is running out to take advantage of our early bird discounted rate that expires end of October.

 Register today and save…..click here

As always, I’m here to help if you need any assistance, please don’t hesitate to contact  [email protected] anytime.

All the best,

Sandra Smith
Executive Director, Asia Pacific
ATMIA
www.atmia​​​​​​​.com​​​​​​​