NEW YORK, March 4, 2015 /PRNewswire/ -- Global and
Chinese ATM markets (2013-2014) present characteristics and trends
as follows:
(1) By country, China,
India, Indonesia, Pakistan, Nigeria, the
Philippines and other countries with low-density ATM
installation will be new engines for global ATM growth.
Among them, China as the world's
largest ATM market has seen 583,700 ATMs joined China's UnionPay network by the end of the
third quarter of 2014, an increase of 63,700 units from the end of
2013 and 99,700 units (up 20.6%) year on year. In the future, the
development of rural finance as well as the construction of small
outlets such as "community bank" and "financial convenience store"
in China will spur the demand for
ATM and VTM.
International ATM manufacturers are now accelerating market layout
in India and other countries
besides maintaining their market share in China. For example, Hitachi acquired Prizm
Payment Services Pvt Ltd – an Indian ATM and POS payment solutions
provider in March 2014; OKI announced
the founding of a sales company in India to manage the local market in
April 2014, and prior to that its
sales in the Indian market were shouldered by local agents; NCR's
second factory in India will come
into use in March 2015.
(2) Seen from the ATM function, more and more ATMs will transform
into multimedia digital information kiosks and community-based
information convenience service stations.
Currently, international manufacturers are continuing to expand ATM
function modules, e.g. OKI developed a cash recycling system
ATM-Recycler G7 capable of dealing with multi-currencies at the
same time and with additional functions of coin payment,
non-contact IC card reader/writer, bar code reader, etc. in
November 2009; NCR launched a series
of new products or solutions in Taiwan in March
2014, mainly involving VTM, cardless withdrawal, ATM parcel
service, etc.
(3) In terms of technology application, biometric identification
technology (including finger vein recognition, palm vein
recognition, face recognition, fingerprint recognition, and iris
recognition) will see further integrated application in ATM.
So far, Hitachi, OKI, NCR, Diebold, Wincor Nixdorf, GRG Banking,
KingTeller, etc. have introduced ATM with biometric identification,
among them, Hitachi boasts strong research and development power in
ATM finger vein authentication technology, with commercial
production and sales of such ATM in 2005; GRG Banking's H68N ATM
with palm vein authentication has been adopted in Turkey.
ATMs with biometric identification are more used in Japan, Brazil, South
Korea, India, Turkey and Vietnam from a global perspective, followed by
a quick popularization in other countries within the set
timetable.
(4) Cardless withdrawal will become popular as concerns withdrawal
method.
Cardless withdrawal is achieved through mobile phone/ATM QR code
scanner or ATM NFC sensor. The ATM withdrawal via mobile phone can
shorten the time of withdrawal and reduce the hidden trouble of
bank card information interception (bootlegging), expected to be
popularized in the future. ATM manufacturers with cardless
withdrawal business include NCR, Diebold, Wincor Nixdorf, Yihua
Computer, and KingTeller.
(5) Domestic and foreign manufacturers are speeding up layout of
financial IT services in the perspective of enterprise's new
business layout.
Foreign manufacturers have constantly perfected layout of financial
IT services by dint of capital advantage. For instance, NCR
acquired Alaric Systems in December
2013 for layout of safety payment and then Digital Insight
in January 2014 for layout of online
banking or mobile banking; Diebold announced its acquisition of A/S
(Denmark) in July 2014 for layout of security payments.
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