Tag: ATM

Retail Asia20/10/2022
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6min0
A McKinsey Report reveals that retail banking makes up almost half of all financial sector profit worldwide. All that talk about structured products, discretionary investment mandates, M&A – even crypto – may have confused everyone about what banking is. Even now, according to McKinsey & Company, the humble local bank branch – and the ubiquitous […]

Retail Asia12/08/2022
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3min0
As cryptocurrencies were booming, the number of cryptocurrency ATMs grew accordingly. Now that Bitcoin & Co are trading well below last year’s highs, the pace of installations is waning. There are currently around 39,000 cryptocurrency ATMs installed worldwide, corresponding to a nearly 4,000 percent increase since 2017. But since the beginning of 2022, installation rates […]

Retail Asia19/03/2021
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2min0
The technology taps on Singapore’s National Digital Identity (NDI) platform and biometric database to enable verification. OCBC wants to eliminate the need for customers to carry around an ATM card by introducing facial biometrics at its teller machines. The bank is launching facial recognition at eight of its ATMs tomorrow, which will allow customers to […]

Retail Asia08/06/2020
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2min0
One-year-old Malaysian startup Coffee Star has provided self-service dispensing machines – dubbed ‘Coffee ATMs’ – to medical frontliners serving free beverages during the coronavirus pandemic. The machines were delivered to the Malaysia Agro Exposition Park Serdang (currently serving as a quarantine and treatment center for 600 patients) and Sungai Buloh Hospital, providing fresh coffee to […]

Retail Asia02/04/2020
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2min0
AirStar Bank has announced the launch of a pilot trial in Hong Kong, which will be conducted within the Hong Kong Monetary Authority’s Fintech Supervisory Sandbox. About 2,000 friends and families of the staff of Airstar, Xiaomi Hong Kong and AMTD Group will be onboarded to the virtual bank to gather user feedback and gauge requirements ahead of a full […]

Retail Asia13/03/2020
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3min0
OCBC Bank has rolled out a cheque encashment service across all its next-generation ATMs at 23 branches, making it the first bank to offer such services in Southeast Asia. Recognizing that there are still segments of customers who require services like cheque encashments, OCBC has enabled its next-generation ATMs to process 90 percent of all the […]

Retail Asia27/01/2020
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6min0
Many people in Hanoi and Saigon were unable to withdraw cash from ATMs while online bank transfers also took longer than usual during the weekend. Three ATMs belonging to a bank on Hanoi’s Pham Ngoc Thach Street stopped working several times in the past few days, including on early Saturday evening when all simultaneously flashed that […]

Retail Asia07/06/2019
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3min0
A Singapore fintech turns brick-and-mortar shops into alternative ATMs, potentially saving banks millions of dollars in maintaining their cash logistics. Banks can now tap on SoCash’s apps and existing brick and mortar point-of-sales to save on the huge costs associated with maintaining ATMs and the physical circulation of cash. So let’s say there are 3,000 ATMs in Singapore and […]

Retail Asia18/06/2018
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3min0
Diebold Nixdorf is teaming up with Mastercard to trial two services that provide cash banking users on the go – Mastercard Cash Pick-Up and Cardless ATM powered by Mastercard. The cash pick-up service allows banks to deliver cash more quickly, securely and easily to any authenticated consumer – banked or unbanked – through enabled ATMs, […]

Retail Asia05/06/2018
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5min
The American company which has deployed more than half of all automated teller machines in the Philippines remains bullish on its expansion in the country despite the increase in cashless transactions made possible by electronic commerce. Diebold Nixdorf, the market leader of self-service banking technology in the Philippines that serves more than 40 banks with […]

Retail Asia30/08/2017
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3min0
Senior deputy governor of Indonesias central bank Mirza Adityaswara assured here on Sunday that banking operations in the country remained smooth despite troubles at automatic teller machines since Friday afternoon due to a Telkom-1 satellie problem. “We as payment authorities assured that operations of banks have remained smooth and ATMs that have troubles will immediately […]

Retail Asia16/05/2017
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6min0
Following recent complaints that several banks in Viet Nam have stopped providing ATM services at night, the State Bank of Viet Nam (SBV) has ordered all banks nationwide to provide ATM services 24/7. Local media reported that many ATMs on the outside of buildings and shopping malls were turned off when the venues shut, stopping […]

Retail Asia04/02/2017
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5min
Neil Emerson, the firm’s senior vice president and managing director for Asia Pacific, said that its customers’ positive feedback and satisfaction drove them to establish an on-the-ground presence in Myanmar. Previously, the firm had been operating in Myanmar through third-party business partners, supporting local banks with their self-service technology needs for many years. “Our intention […]


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