Payments General

China: the number of ATMs hits 339,000 in 2011

Wednesday 2 May 2012 | 10:58 AM CET

At the end of 2011, the number of ATMs in China has reached 339,000, up by 59,000 units since 2010, a recent survey has unveiled.

According to a research released by UK-based research and consulting firm RBR, the largest four Chinese banks have accounted for 50 percent of the growth, by adding 30,000 ATMs between them. The same source has indicated that globally, the Chinese ATM market has grown from fourth to second largest since 2006 and is currently bigger than both Brazil’s and Japan’s ATM markets.

The survey has also pointed out that growing customer demand and increasing “not-on-us” transaction fees are two of the main factors for ATM growth. According to data, the ascendant trend is expected to continue over the next few years, as the density of ATMs to population and branches remains relatively low compared to other countries.

Data has also shown that 21 banks have finished upgrading their entire branch networks to include lobby areas, which has led to a rapid increase in the number of ATMs installed in this type of location.

The findings of the study have revealed that by the end of 2011, ATM outsourcing service providers (AOSPs) have installed 31,050 ATMs on behalf of their sponsor banks, amounting to 9 percent of the installed base.

According to the RBR study, automated deposit is a widely deployed feature. Results have shown that many ATMs are actually capable not just to accept deposits, but to recycle banknotes and redispense them. A lack of clear regulation pertaining to the use of recycling means that deployers have not yet activated (or have deactivated) the recycling facility however, so they are not yet able to fully benefit from their investment in such high-end ATMs.
 

Print | Contact editor | Mail
© 2014 The Paypers
More: Abstract

This Month

Next Month

02 Apr 2014   AITEC Southern Africa ICT Summit
03 Apr 2014   How to Use KPIs to Improve your Accounts Payable Efficiency
06 Apr 2014   NACHA Payments 2014
07 Apr 2014   9th Annual Middle East Retail Banking Forum
07 Apr 2014   15th Annual Commercial Card and Payment Conference
07 Apr 2014   Home Delivery World
07 Apr 2014   Inside Bitcoins - the future of virtual currency
07 Apr 2014   Mobile Money Americas
07 Apr 2014   Inside Bitcoins - the future of virtual currency
07 Apr 2014   Chief Procurement Officer Summit
08 Apr 2014   MVNOs World Congress
08 Apr 2014   3rd Annual Customer Experience Management in Banking Summit
08 Apr 2014   Mondato Summit Europe
08 Apr 2014   ETA Annual Meeting & Expo 2014
08 Apr 2014   IFINTEC International Finance Technologies Conference and Exhibition
09 Apr 2014   4th Annual Latin America Trade & Commodity Finance Conference
09 Apr 2014   11th Annual Accounts Payable and Procurement Transformation Summit Asia
09 Apr 2014   SAP Conference for Financial Shared Services
10 Apr 2014   The 4th Cloud And Big Data Summit
11 Apr 2014   Bitcoin Expo 2014
12 Apr 2014   Hitmeister e-Commerce Day
15 Apr 2014   Netherlands' Customer Festival
15 Apr 2014   Cash, Treasury & Risk Management in Turkey
17 Apr 2014   8th Annual Prepaid Expo Europe 2014
20 Apr 2014   our Big Data and Analytics for Banking Summit
22 Apr 2014   Wima Monaco - NFC & Proximity Solutions
23 Apr 2014   Future Bank Asia
23 Apr 2014   The Cash Handling Show Asia
23 Apr 2014   The Retail World Asia
23 Apr 2014   RFID World Asia
23 Apr 2014   Digital ID World Asia
23 Apr 2014   The Digital Signage World Asia
23 Apr 2014   Near Field Communication World Asia 2014
23 Apr 2014   The Internet Show Asia
23 Apr 2014   Ecommerce Show Asia
23 Apr 2014   10th Annual Trade & Supply Chain Seminar
23 Apr 2014   Cards & Payments Asia 2014
23 Apr 2014   The Mobile Show Asia 2014
23 Apr 2014   Cards & Payments Asia 2014
23 Apr 2014   Cards & Payments Asia 2014
24 Apr 2014   China Retail Focus 2014
24 Apr 2014   4th Annual Indonesia Trade & Commodity Finance Conference
24 Apr 2014   M2M World Congress
29 Apr 2014   Total Payments Mexico
29 Apr 2014   Big Data World Mexico
29 Apr 2014   Loyalty World Mexico
29 Apr 2014   FinovateSpring
29 Apr 2014   Money Transfer Dubai