E-Financial
Deployment of Auto-deposit ATMs on the Increase Worldwide – report
Nearly one-third (31 percent) of ATMs worldwide now include automated deposit functionality — a year-over-year increase of 3 percent, according to the new RBR report, “Global ATM Market and Forecasts to 2020.”
While many banks use automated deposit terminals to increase branch efficiency by migrating routine transactions from tellers to the more economical self-service channel, the annual report found.
However, others are increasingly deploying the technology as part of much broader branch transformation initiatives; increasing self-service provision while focusing on value-added services in branches.
Additionally, RBR found, assisted self-service terminals — at which deposit is frequently a central service offering — have been deployed or piloted in every region, with substantial programs undertaken in markets that include China, Indonesia, Singapore, Russia, Turkey, the U.K. and the U.S.
Automated deposit functionality is now available on 45 percent of ATMs in Asia-Pacific, home to the world’s three largest auto-deposit markets — Japan, China and South Korea, RBR said. Chinese banks alone added 73,500 new ADTs in 2014.
“Branch transformation is playing an increasingly important role in driving ATM deployment,” said Sisi Wang, RBR country specialist for China. “Even in a relatively low wage economy such as China, banks believe they can generate efficiencies by migrating cash transactions to self-service channels.”
Auto-deposit technology has been used far less in Latin America, however a number of deployers in the region have now demonstrated its business case, and its use is growing.
ADT numbers in Latin America grew by more than half to 11,000 during 2014. Of this number, nearly 30 percent belong to Mexican deployers, RBR found.