Agricultural Bank of Chengzhong West Road, Qingpu District, Shanghai, photo provided by citizens
China Times (www.chinatimes.net.cn) reporter Fu Bixiao reported from Beijing
Recently, some Shanghai citizens reported that some bank branches in Shanghai had difficulty in depositing and withdrawing money, causing inconvenience to life.
htmlOn July 27, a reporter from " China Times " called several Agricultural Bank outlets in Shanghai to learn that for the needs of epidemic prevention, some outlets have divided the deposit and withdrawal functions of ATM machines, but they can basically be used normally, and the cash in the ATM machines has been fully disinfected. Several Shanghai citizens also told the China Times reporter that the deposit and withdrawal functions of Agricultural Bank of China, China Merchants Bank , and Pudong Development Bank ATM machines near their residence can all be used normally.It is worth noting that in recent years, with the advancement of the digitalization process of the banking industry and the development of online payment, the number of ATM machines in the country has been decreasing year by year. As of the end of the third quarter of 2021, the number of ATM machines was only 959,700, and the corresponding number of ATMs per 10,000 people was less than 7. Leading ATM manufacturers such as Broadcasting and Television (002152.SZ), Yihua, China Electric Power Finance, Hengyin Technology (603106.SH) and Oriental Communication (600776.SH) are also seeking transformation and upgrading. Is the deposit and withdrawal function of
normal?
A reporter from the China Times called several Agricultural Bank outlets in Shanghai to learn that some outlets have divided the deposit and withdrawal functions of ATM machines, but they can basically be used normally.
For example, the staff of the Xiayang Branch of the Agricultural Bank of China told the China Times reporter that in recent times, the outlet has adjusted the functions of the ATM machine in order to prevent the epidemic. Some machines are specifically used to withdraw money, and some machines are specifically used to save money to avoid the spread of the virus through cash. Moreover, the staff of the outlet will disinfect the cash deposited in the ATM machine. The number of ATMs in this outlet has not decreased compared to before.
In addition, it is also a way to separate the ATM machine.
A reporter from the China Times learned from the staff of the Huaxin Branch of the Agricultural Bank of China that the branch can deposit and withdraw money on the same ATM machine, but there are separations inside the machine, and different cash boxes are used for deposit and withdrawal, which is also a recent transformation for epidemic prevention needs.
Staff of the Agricultural Bank of China Daying Branch told the China Times reporter that the cash from the branch will be disinfected before it is loaded into the ATM machine. The bank follows epidemic prevention regulations to ensure the safety of customers' cash use. If customers are not assured of the money in the ATM, they can go to the counter to handle cash business.
A Shanghai citizen told the China Times reporter that she tried to deposit and withdraw money from the Agricultural Bank of China, China Merchants Bank on Chengzhong West Road, Qingpu District, and Pudong Development Bank ATMs near Dong'an Road, Xuhui District. The ATM functions of these outlets can be used normally.
Agricultural Bank of China on Chengzhong West Road, Qingpu District, Shanghai, photo provided by citizens
Another Shanghai citizen told the China Times reporter that the Agricultural Bank of China Shanghai Baoshan Industrial Zone Branch can also make deposits and withdraw money on the same ATM machine.
In fact, the deposit and withdrawal functions are separated for epidemic prevention, and it is not original to Shanghai's bank branches. Some bank branches in Beijing have also had this operation before.
A reporter from the China Times visited the Zhuquemen Branch of the Agricultural Bank of China located in Xicheng District, Beijing on July 27 and learned that during the severe epidemic, the branch also restricted the functions of the ATMs. There were a total of two ATMs in the branch, one for deposits and one for withdrawals. Now that the functions of the ATM machine have been restored, both machines can achieve access. The staff of the outlet also told the China Times reporter that if a serious epidemic occurs again, such adjustments may be made to the ATM.
Staff at the Beijing Taoranting Branch of China Merchants Bank also told the reporter of the China Times that the ATMs in the outlet can be used normally and there is no restriction in the deposit or withdrawal functions. The total amount of
ATM machines decreased
"ATM machines were one of the earliest financial technology products, and the development history of ATM machines is also a microcosm of the development of fintech. ATM machines have played a great role in the automation and digitalization of banking business.With the further digitalization of banking business, ATMs are used less and less frequently, and many of their functions are gradually replaced by mobile phones. "The deputy director of the China Internet Economic Research Institute of Central University of Finance and Economics Ouyang Rihui said this to the reporter of the China Times.
The above two Shanghai citizens told the reporter of the China Times that they have not used the bank's ATM machine for cash services for a long time.
But on the other hand, banks still need to invest a certain cost to operate and maintain the ATMs, so, in Ouyang Rihui's view, for financial institutions In other words, the revenue of ATMs is not particularly cost-effective.
In fact, the number of ATMs is also decreasing year by year.
Central Bank data shows that as of the end of 2020, there were 1.0139 million ATMs, a decrease of 83,900 from the end of last year. The number of ATMs per 10,000 people nationwide was 7.24, a year-on-year decrease of 7.95%. By the end of the third quarter of 2021, ATMs The number has been reduced to 959,700 units, with the corresponding number of ATMs per 10,000 people nationwide.
However, there is still a need for ATMs to exist at present. Especially for underdeveloped areas, the elderly and other groups, ATMs are still the most convenient way to handle related business.
At the same time, as Ouyang Rihui pointed out, the functions of ATMs themselves are constantly changing, such as from withdrawals to deposits, and then to joining other Public service functions, etc.
and ATM machine manufacturers are also seeking transformation and upgrading.
Oriental Communications 2021 annual report shows that from the perspective of the traditional ATM market industry structure, the main manufacturers of domestic deposit and withdrawal machine are Broadcasting and TV Express (002152.SZ), Yihua, China Electric Power Finance, Hengyin Technology (603106.SH) and Oriental Communications, and the top 5 leading companies occupy the market More than 94% share. With the trend of online and mobile financial services becoming more and more obvious, financial smart device manufacturers are seeking transformation, and financial equipment is showing a trend of intelligent and digital upgrades. In the process of bank intelligent transformation, more intelligent innovation outlets have emerged, and the demand for equipment such as smart counters and large-value deposits and withdrawal machines has increased.
Hengyin Technology Annual Report shows that although the overall ownership of ATM equipment has slightly decreased, as the number of outlets stabilizes and focuses on transformation and upgrading, the demand for intelligent equipment at outlets remains on the rise. Moreover, since the digital RMB pilot has a demand for upgrading ATM machines, this change will have a positive impact on the ATM industry. Industry manufacturers will enter the technology research and development, scenario application and market expansion of digital RMB from different directions.
