People who often go to bank ATMs to withdraw money know that they are filled with hundred yuan bills, which can only be exchanged at convenience stores for 10-20 yuan, which is very inconvenient. However, recently, the reporter unexpectedly took out a 100 yuan and two 10 yuan banknotes from an ATM machine on Nanjing Road in Shanghai!
New Changes in ATM Machines
Recently, a news reporter went to a bank ATM to withdraw money and found an interesting change: in the past many years, domestic ATM machines only provided 100 yuan banknotes, but this time, the reporter withdrew 120 yuan.
ATM machines provide small denomination banknotes, mainly for the convenience of foreigners and the elderly. In Europe, due to the relatively large denomination of 100 euros, most ATM machines offer 50, 20, and 10 euro banknotes. Elderly people who are not familiar with electronic payments are also important customers for change. At present, the Nanjing East Road Pedestrian Street in Shanghai has basically achieved full coverage of cash withdrawal machines, providing 10 yuan small denomination banknotes.
Zhang Minghao, the head of the Industrial and Commercial Bank of China Nanjing East Road Branch, said that the reason for choosing the Nanjing East Road Pedestrian Street pilot project is that as a famous tourist district in Shanghai, the pedestrian street is mainly characterized by a large number of foreign and elderly customers, making it more convenient for them to withdraw cash. Now, according to the actual use of the three outlets in Nanjing Road Walkway, we will gradually promote the allocation of change machines in all outlets in Shanghai.
Some people may think that withdrawing cash from ATM machines is too small, but in reality, if you think about it carefully, "cash backstop" is to some extent more difficult to achieve than "large card swiping and small QR code scanning", because backstop means that the last line of defense must be built, which requires Shanghai commercial banks to provide more refined services.
Small wallets favored by the elderly and foreigners
Under the leadership of the Shanghai headquarters of the People's Bank of China, Shanghai is the first city in China to transform ATM machines to provide cash, and this is just one of the measures. In order to further optimize the supply structure of cash from the source, Shanghai Commercial Bank has innovatively provided a zero wallet. The 200 yuan zero wallet can be configured with small denomination cash according to customer needs.
For many elderly people, they are often more willing to use cash.
On April 1st, Ms. Wang, a citizen, came to the branch and picked up a coin purse. Nowadays, WeChat is widely used in society. For us older people, WeChat can be a bit inconvenient at times, and they also have some concerns. They are always worried that scanning WeChat will reveal their information, so they want to exchange some small bills. Now they have everything prepared for you, isn't that quite good, "said Aunt Wang.
At present, various commercial banks in Shanghai provide over 45000 zero wallets in total. In the future, according to the arrangements of regulatory authorities, the supply of zero wallets will be further increased, and the elderly and foreigners can exchange them at their branches by swiping their cards.
On site, an American tourist said that this service is very good. "It's still more convenient to use cash now, but credit cards are still a bit inconvenient. Compared with the United States, China's electronic payment development is too rapid, and the United States still mainly uses credit cards. My wife and I come to Shanghai once or twice a year, and now I think everyone is working hard to narrow the gap between payment methods, which is a good thing
While cash serves as a backup, the convenience of card payments, which are most commonly used by foreigners, especially Europeans and Americans, is also continuously being promoted.
External card payment POS machine
The main acquiring institutions in Shanghai are stepping up the deployment of POS machines. Currently, the city has installed over 37000 new POS machines. In this context, the main acquiring institutions are setting up POS machines as soon as possible according to the four time nodes of 4/15, 3 months, 6 months, and the end of the year, with the phased goal of achieving 80000 POS machines. It is worth mentioning that almost all POS machine costs are borne by financial institutions.
Huang Wenbin, Senior Manager of UnionPay Business Shanghai Branch, said, "Currently, in the Shanghai region, we have sorted out more than 50000 accepting merchants for 8 categories and 26 sub scenarios. We also work overtime to investigate the acceptance situation of each merchant, including the placement of some logos and personnel training. Because the acceptance situation of each merchant is different, there are customized terminal developments, including the deployment of some proprietary programs, so we need to persuade merchants to accept these terminals. We work together with the Commerce Commission and communicate with each merchant one by one
According to regulatory arrangements, mobile payments, bank cards, and cash will be fully deployed in all eight key consumption scenarios in the future. The latest data shows that in March, the cumulative transaction amount of overseas visitors in mainland China through Alipay increased nearly 10 times year on year, and the number of transactions increased nearly 8 times year on year. As for some payment failures that may occur when using foreign cards tied internally, Alipay said that in most cases it is because overseas card swiping banks mistakenly believe that transactions are risky and stop payment. For this problem, Alipay is closely connecting with relevant institutions to further optimize the experience.
We at Jieyang can provide customized ATM services for customers, allowing them to use different cash boxes according to their needs. For example, the cash dispensing module with 3000 or 500 cash boxes can meet the needs of different scenarios and software companies. The cash distribution module supports many currencies, such as Saudi Arabian currency, Dubai dirham, Euro, US dollar, Chinese yuan, etc.
You can also customize the appearance of the machine. For more configuration requirements of the machine, please contact us.