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Diebold has unveiled an ATM that can be used for cardless withdrawals
USA | January 2013


Diebold, the American ATM manufacturer recently presented its new ATM at the Consumer Electronic Show (CES) in Las Vegas. This innovative machine, which will be tested by banks during 2013, enables users to make withdrawals without a card. Users scan the ATM’s QR code with their mobile phone which then syncs with the ATM via the cloud. After having selected the withdrawal amount on their phone, users then receive, via their smartphone, a one-time code which enables them to withdraw the required cash amount from the ATM. Users can also send money to third parties by transmitting the code to them. This type of machine could help banks save money by reducing the number of bank cards issued.




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Bank Rakyat poised to launch floating branches

Indonesia - June 2014



In Indonesia, PT Bank Rakyat Indonesia (BBRI) is set to acquire four boats that will be equipped with ATM machines. These boats will be used a floating branches, sailing from island to island in order to bring financial services to people living on distant islands who tend to be underbanked.



News summary compiled by Efma Information Services

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Bank Mandiri is targeting unbanked mobile phone users

Indonesia - June 2014



In Indonesia, Bank Mandiri has recently launched Mandiri e-cash, a mobile app, compatible with Android, iOS, Nokia and Blackberry devices. This is the first such app to be launched in Indonesia and it enables users to make payments via their mobile phone. Bank Mandiri is targeting the millions of Indonesians who do not have a bank account, but have a mobile phone. The bank estimates that there are 240 million mobile phones in the country, whereas only 60 million people in Indonesia have a bank account.



News summary compiled by Efma Information Services

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Standard Chartered Bank to launch a mobile banking service in Singapore

Singapore - June 2014



In Singapore, Standard Chartered Bank and the telecoms operator SingTel have launched “The Dash Service”, a mobile money service that enables smartphone users to transfer money, make payments, manage their accounts, obtain information on their spending habits, apply for a loan and take out travel insurance.



News summary compiled by Efma Information Services

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