The end of traditional ATMs in South Africa

The Reserve Bank of South Africa has raised concerns over the escalating costs of maintaining automated teller machines (ATMs) and the shrinking footprint of commercial banks. In its recent Position Paper on Cash in South Africa , titled Towards a Cash Smart Society , the central bank outlined plans to introduce white-label ATMs as a way to safeguard equitable access to cash across the country. The Cost Burden of ATMs ATMs are classified as Tier 2 infrastructure in South Africa’s cash supply cha