automated deposit
automated deposit
Recycling functionality
Over two thirds of deposit terminals
are expected to recycle notes by 2024
and the technology is now taking off
in markets where it had previously
been overlooked, su ch as in the
Americas. Even where the functionality
is not immediately utilised, banks are
purchasing these machines to allow
them the flexibility of switching on the
recycling function at a later date when
the business case is established.
Sam Blackwell, who led RBR’s
Deposit Automation and Recycling
2019 research, commented: “Although
the technology has been available
for decades, the number of deposit
ATMs installed worldwide continues to
demonstrate healthy growth. Banks are
now expected to pivot further towards
recycling as the ratio of withdrawals to
deposits narrows and CIT costs grow,
presenting increased opportunities for
cost savings”. n
a fall in cash withdrawals in many of the
same markets. Customers increasingly
appreciate the benefits offered by
automated deposit such as reduced
queuing, instant account crediting and
out-of-hours availability.
Strong potential in both emerging
and developed markets
The vast majority of markets covered in
the study continue to show potential,
with the number of terminals worldwide
forecast to increase by 14% by 2024
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to over 1.6 million. Growth will be
generated by deposit ATMs, rather than
less functional stand-alone terminals,
with 52% of the world’s ATMs expected
to accept automated deposits by 2024.
The USA will see the largest increase
in deployment, with 40,000 additional
ADTs installed over the next five years.
Rising customer demand and financial
inclusion initiatives will also drive new
installations in Brazil and India, which
will both see an extra 34,000 ADTs
by 2024.
Focus shifts further towards
cash recycling
Cash-recycling technology,
previously perceived by many banks
to be too expensive or complex
to implement, is proving to be an
increasingly viable option for banks
across the world. Recycling ATMs
have been shown to reduce CIT
costs and many banks now rank
recycling as a basic functional
requirement when selecting new
deposit terminals.
These figures and insights are based
on RBR’s study, Deposit Automation
and Recycling 2019. For more
information about this report or to
discuss the findings in more detail
please email Sam Blackwell
([email protected])
or call +44 20 8831 7315.
RBR is a strategic research and
consulting firm with three decades
of experience in banking and retail
automation, cards and payments.
It assists its clients by providing
independent advice and intelligence
through published reports,
consulting, newsletters and events.
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