In an initiative to optimise the usage of cash in an efficient economy, government agencies have begun to encourage the reduction of cash circulation by introducing electronic payment (e-payment) instruments. For certain merchants, the high cost-of-entry for the use of these e-payment infrastructure forces them to pass these costs on to the consumers. Other merchants however, may choose to opt out from it altogether.
The Rototype Cashless ATM seeks to overcome the high cost-of-entry barriers and functions as a shared ATM, enabling customers to pay for purchases using their ATM card.
By selecting the merchant payee at the self-service machine, the total amount payable will be debited from the customer’s savings or current account, while the merchant will receive payment instantly via electronic transfer. At the same time, customers will receive a secured voucher which can be presented for their purchases, just like cash.
What is in it for your bank?
Acquire new operating accounts. Capture merchants to participate in your bank’s shared Cashless ATM network.
Stay aligned with government initiatives. Reduce the cost of cash handling, while promoting the use of e-payments.
Create a new source of revenue. Interest gained from keeping all participating merchants’ direct deposits in your float account.
Reduce operation costs. Eliminate cash-in-transit and high insurance premium.
Reduce theft. Does not retain any cash.
Build new customer loyalty. Initiate co-branding activities with your merchants.
What is in it for your participating merchant?
Secured payment process. Eliminate cash handling and does not present any opportunity for pilferage.
Use of vouchers embedded with unique QR code. QR code enables merchants to scan and identify voucher authenticity quickly.
Increased cash flow. Collected from customers’ instantaneous payment transfer.
Minimise operation costs. The shared cashless ATM network eliminates fees incurred by card schemes.
What is in it for your customers who use the Cashless ATM?
Enjoy better cash-terms prices. Savings that merchants obtain can be passed down to customer.
Better personal safety. No need to carry large amount of cash.
Be the first to enable your customers to purchase a cheque 24/7!
Identified a product or solution that meets your needs? Let us help you answer your questions.
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At Rototype International, challenge is integral to who we are. We challenge ourselves to improve the lives of ordinary people by creating easy-to-use banking solutions. We challenge ourselves to realise the plans that banks have, using technology. And together, we challenge barriers that hold us from innovation, progress and competition. Rototype International is the sole and exclusive distributor of Rototype products in Hong Kong.
All Rototype products are manufactured by Rototype S.p.A of Italy.