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Mobile wallets, ATMs find roles in remittance market

ATM Marketplace

The remittance market is massive, valued at nearly $630 billion in 2022. Here's how mobile wallets and ATMs are playing a role in this space.

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ATM numbers shrink as cashless trend grows in major markets

Bank Innovation

As a growing number of consumers swap out cash for mobile or card payments, ATM numbers globally have begun to fall. based consultancy and research firm RBR reported today that the number of ATMs worldwide fell for the first time. It claims global ATM numbers fell by 1% in 2018 to 3.24 million, driven by […].

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Worldwide ATM Installations Declined In 2018

PYMNTS

The number of ATMs installed during 2018 declined by 1 percent on a worldwide basis, found RBR, the research firm. In a press release , RBR said the number of ATMs stood at 3.24 million at the end of 2018 and that the decline was due to branch closures and growing popularity of mobile payments. million ATMs around the world.

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ATM-as-a-Service – A Strategic Step on the Transformation Journey?

Gonzobanker

Moving from a traditional CAPEX model to an “as-a-service” OPEX model could be the key to transforming banks’ ATM/ITM channel. ATMs have changed a bit in the last few years. With the increased usage of debit and credit cards, the rise of eCommerce, and the push for mobile payments, cash has undoubtedly been in decline.

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Virtual Tellers And Workhorse ATMs: Banking’s New (Digital-First) Normal

PYMNTS

The ability to bring new services to market, to pivot quickly, will be critical as states begin to reopen across the next few months. Reinventing The ATM. Banking in the post-pandemic age, and with a “digital-first” mindset may also see a reinvention of the ATM, said Brown.

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ATMs Are Ahead Of Their Time — Again

PYMNTS

The automated teller machine (ATM) debuted 51 years ago in the U.S., And while some imagined there’d be banks on Mars by 2020, few guessed that dull ATMs would one day reinvent retail banking. A convergence of factors is at the root of the ATM makeover now underway. It helps explain why the value of the ATM market was $18.44

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Hyosung Helps ATM Management Go Mobile

PYMNTS

Nautilus Hyosung America (Hyosung) announced the availability of its new mobile application that’s designed to help merchants and ATM operators manage Hyosung ATMs directly from a mobile device. The MoniMobile app is aimed at revamping the full management capabilities of Hyosung ATMs. ”

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