Payment Ponderings - A GPC Blog

As our world becomes increasingly smaller and more accessible, there is an expectation that things move instantaneously. Money transfers are no exception. Unfortunately, cross-border payments are still lagging, mostly due to archaic banking systems and differing laws and regulations between countries. Currently many cross-border transactions are handled through intermediary banks but this is clunky and inefficient. Legacy cross-border payments lack transparency and because nobody owns the cross-border experience there is low transparency, low predictability, and no standardization.

With all of the attention these days, and particularly following recent global events, on the rise of digital payments and businesses going cashless, you may be wondering what sort of role cash and ATMs will play in the future. Are ATMs still relevant? Will they be in 10 years’ time? As a company that pushes digital payments as the way of the future, we also recognise the very real present and future demands for ATMs and smart ATMs. Here, we consider some of the issues.