Wednesday, December 18, 2013

China Automatic Teller Machine Industry Report, 2013 - 2016

In 2013, Chinese ATM market characterizes the followings:  First, China becomes the country with the most quantity of ATM, surpassing the United States. By H1 2013, 465,600 sets of ATM had been included in China UnionPay, exceeding the United States (445,000 sets) to rank first in the world. However, by quantity of ATM per million of persons, China (307 sets, 2012-year) still lagged behind western Europe (786 sets, 2012) and the United States (1,376 sets, 2012). Second, the purchase volume of Cash Recycling System (CRS) jumps quickly and a small quantity of Video Teller Machine (VTM) is launched into the market.  In 2007-2012, the purchase volume of Cash Recycling System (CRS) in China rises from 12,000 sets to 61,000 sets at the CAGR of 38.4%, and its share in the ATM purchase volume climbed from 35.5% to 60.6%. Since China Guangfa Bank (CGB) launched the first set of VTM in July 2012, Bank of Communications, Bank of China, China Guangfa Bank, China Minsheng Bank

Original Post China Automatic Teller Machine Industry Report, 2013 - 2016

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