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China Automatic Teller Machine (Atm) Industry Report, 2016-2020

  • Date Submitted: 05/02/2016 12:15 AM
  • Flesch-Kincaid Score: 46.3 
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May., 02, 2016, Mumbai, India: Market Reports on China presents the report, on “China Automatic Teller Machine (ATM) Industry Report, 2016-2020”. VTM equipment can deliver all-round financial services including public and private business, domestic and international business, domestic and foreign currency business, and wealth management.

Since 1985, when the first ATM was unveiled in China, the total ATM installations have showed a double-digit growth every year. As of the end of September 2015, the number of network-connected ATMs reached 840,800 units, up 44.1% year-on-year, with a CAGR of 27.2% during 2007-2015. It is projected that the figure would exceed 900,000 units by the end of 2015 and 1.5 million units by 2020.

Seen from market development, China’s ATM industry in 2015 was characterized by the following:

(1) A big gap with developed countries
Although the number of network-connected ATMs in China has increased rapidly in recent years, the ATM ownership per million people was only 626 units as of the end of 2015, hence a huge gap compared with 1,409 units (2014’s data for North America) in developed countries. The number of bank cards supported by each ATM was 6,246, far exceeding the international standard configuration of 4,000 bank cards by each ATM. In this sense, China’s ATM industry still has large market potential. This is particularly true of rural areas and urban communities, where financial outlets are so scarce that there would be a huge demand for ATMs.

(2) Cash recycling system (CRS) has become mainstream models
Cash recycling system (CRS) could maximize the use of ATM and thus has become the mainstream models when banks purchase machines. In 2014, major banks bought 70,655 units of CRS, accounting for 72.17% of the year’s added ATMs, almost doubling that in 2007.

(3) VTM has become market highlights
VTM equipment can deliver all-round financial services including public and private business, domestic and international...

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