Kenya is a terrible example of regulation supervision, says Emery Kobor, Deputy Director of Strategic Planning for the U.S. Treasury's Office of Terrorist Financing and Financial Crimes. "Frankly we're very concerned that M-Pesa has risen to the level of being...
Kashif Naeem, vice president and head of product management at Sudan's largest FI, Bank of Khartoum, talks about the opportunity GCE provides to learn about new technologies that can improve the customer experience. The 7th GRG Global Customer Exchange was...
RBR study reveals where and how much ATM installations grew in 2011 — and will likely grow in the next 5 years.
ATMs, mobiles and kiosks play nicely together, enabling financial inclusion in developing countries.
Deployment is a different game where populations are diverse, dispersed and largely unbanked.
The payment network announces its first product in its global strategy to reach the unbanked.
As deployment of ATMs continues to grow, the machines are expected to do more than dispense cash.
Revenues increase 12 percent in the Americas, which includes the United States
The ATMs provide some banking services, reducing workers' long commutes to banks.
See More »
In RBR's latest press release entitled "China to become world's largest ATM market by 2015," one piece of information jumped out at me from the page more than any other and it wasn't about China, it was about Africa.The startling...
The South African FI entered into an agreement with IAD Bytes to acquire its ABSA-branded ATMs and related lease sites in a deal that took effect August 1.
They don't go into effect until Jan. 1, but Nedbank has already done the math and found that the reserve bank's new fee structure will cause significant losses to profitability.
The rising cost of delivering on consumer demands for efficiency is causing an increasing number of banks to outsource ATM deployment and fleet management.
Following a one-year waiver period, cash withdrawals via teller or ATM will be subject to a fee of up to 5 percent as the Nigerian government carries out its plan to retool the nation's cash-based economy.
Kenswitch, the national shared payments system of Kenya, has integrated its ATM system with the switches of three other East African nations.
Barclays Africa Group reportedly wants to buy the ATM business of Bytes Technology Group, the company that currently provides its ATM support.
Kenya Commercial Bank, one of the largest banks in the country with more than 150 branches, has launched a new in-house processing center built on TranzWare products from Compass Plus, a provider of retail banking and electronic payments software to...
Inlaks Computers, a Lagos, Nigeria-based strategic partner of Nautilus Hyosung, has announced its intention to achieve an installed base of 3,000 ATMs in the country by the end of this year.
Of 21 commercial banks in Zambia, only 16 have any ATM presence at all in the country. Cavmont Bank is one of these, and it has just installed its 20th ATM with assistance from the Zambia division of ATM Solutions,...
In order to ensure continuous ATM availability and maximum customer convenience, Pakistan’s Meezan Bank will become the first FI in the country to deploy ATMs with an intelligent power management system.
Diebold Inc. and its local distributor TouchPoint Ltd.
This week, South Africa’s Za Bitcoin ATM announced that it will install the continent’s first Bitcoin ATM sometime toward the end of May.
From the company’s post on the BitcoinTalk bulletin board:
Our company ordered a Lamassu Inc Bitcoin ATM/vending machine around mid Feb this year.
Missteps and reversals in regulatory policy have sent a once-burgeoning ATM market into a state of intertia since 2008, a situation that does not bode well for the central bank’s goal of achieving universal financial inclusion. A report by Business...
Last year Kenya's banking industry adopted the EMV standard for payments cards and set about implementing the plan in a phased program. Adhering to the plan, Kenya's ATMs were 100 percent compliant by September 2013; POS terminals achieved the December...
South African banks could lose millions due to a decision by the nation's reserve bank to cut interchange fees for ATMs, a report by Business Day Live said. The idea is that lower interbank fees will remove the need for...
See More »
The ATM Industry Association has announced the dates of its 10th annual conference for Africa, India and the Middle East. The conference, whose theme is "Emerging and Expanding ATM Markets," will take place Oct.