ATM markets across the world expected to grow

ATM markets across the world expected to grow
Tags: Bank / Credit Union, Multifunction ATMs, Other, Security, Software, Trends / Statistics
May 22, 2006

ePaynews: Global ATM markets will carry a total worth of $2.88 billion by 2010, up from $2.21 billion in 2005, according to research conducted by Frost & Sullivan. The growth is expected as a result of expansion in China, India and Brazil. Though fraud threatens consumer confidence in ATMs, Frost & Sullivan found that new applications, such as mobile-phone recharge and bill-payment services, will help renew consumer confidence in electronic transactions, especially as more ATMs offer advanced functions beyond basic cash-dispense.