Big ATM change proposed in South Africa

[Newsfeed]

Big ATM change proposed in South Africa

The South African Reserve Bank's proposal for white-label ATMs will enable customers to withdraw cash below a prescribed threshold for free.

 

[ThinkCentre]

Just relook at what Saswitch and all these costs are and work on that. By the way, an ATM is a lot of money (a few million) just to drop off and forget about it.

 

[supersunbird]

Inb4 "What's an ATM/What's cash?" crowd

 

[quovadis]

Surely this is an opportune time to push towards less cash use?

 

[Smiggles]

Free cash withdrawal? The queues will be longer than the queues at Home Affairs.

 

[ISP cash cow]

Free cash withdrawal? The queues will be longer than the queues at Home Affairs.

you mean like Capitec ATM queues?

 

[Bad Ballie]

There is effectively no real change, the only difference is the machines themselves will all be connected to a single database.

 

[Justanotherguybythesea]

Free cash withdrawal? The queues will be longer than the queues at Home Affairs.

Free cash withdrawals are what you go to any supermarket to do, i can bet if they could do it securely Checkers 60 60 would offer it on the app as well.

 

[quovadis]

i can bet if they could do it securely Checkers 60 60 would offer it on the app as well.

?

 

[Justanotherguybythesea]

?

Order groceries, pay online and request cash back to be delivered with it as well.