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Starting July 1st, Malaysians will have the ability to withdraw cash from any bank’s automated teller machines (ATMs) or smart recycler machines (SRMs) across the country without the usual RM1 (US$0.25) interbank fee. This new initiative will grant debit…
Emirates Gold, a leading bullion retailer, has made history by unveiling the first-ever gold Automated Teller Machine (ATM) in the United Arab Emirates (UAE). This pioneering system gives customers the ability to withdraw and trade physical gold around the…
In a bold step towards modernizing its operations, Bank of Commerce (BankCom), a prominent Philippine bank, has successfully migrated to a new core banking system. This significant upgrade, which encompasses the bank’s 140 branches and expansive ATM network,…
In an innovative twist on jewelry transactions, Shenzhen Kinghood Group’s Smart Gold Store concept has revolutionized how consumers engage with gold. The introduction of sophisticated gold ATMs in Shanghai’s bustling Global Harbor shopping mall has generated…
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…
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…
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…
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…
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…
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…
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…
Facebook is expected to announce its digital currency at some point this month, as the social network company has found outside backers that will help strengthen the trust in its upcoming cryptocurrency. The report mentions the digital token used by Facebook…
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…
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…
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…
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…
