ATM machine installation subject to banking industry’s prerogative

by BERNAMA / pic by TMR FILE

KUALA LUMPUR – The installation of Automated Teller Machines (ATM) in urban or rural areas is subject to the banking industry’s consideration, said Deputy Finance Minister II Yamani Hafez Musa.

He said this is because the installation needs to take into account various factors, including ATM maintenance costs and the utilisation rate to justify the installation of the ATM in the area.

“However, if there is a specific need for it, the government will discuss with the banking industry to consider the installation of ATMs,” he said.

Yamani Hafez said this in reply to an oral question from Lukanisman Awang Sauni (GPS-Sibuti) and additional questions from Datuk Seri Mohd Redzuan Md Yusof (Bersatu-Alor Gajah) on the proposed installation of ATMs for rural residents.

He noted that due to the onslaught of the COVID-19 pandemic, the shift to e-payment or cashless payment methods had accelerated, with e-payment receipts in the public sector accounting for 60 per cent of total government collections.

“For example, the Immigration Department’s e-payment saw higher receipts at 84 per cent compared to 48 per cent in 2019,” he added.


Recent Posts

Vanguard plans to shutter business in China, exit Ant JV

Vanguard Group Inc., the US asset management giant, has decided to shutter its remaining business…

7 mins ago

Grab facing mobility competition, but retains dominance

GRAB Holdings Ltd exerts dominance when it comes to on-demand platform in South-East Asia. The…

18 mins ago

Flood situation in Batu Pahat improves

JOHOR BAHRU – The flood situation in Batu Pahat shows a positive development with the…

37 mins ago

Malaysians pinched hard by rising price of essential goods

The price increase has made daily budgeting and purchasing tougher, especially to meet the demand…

50 mins ago

One year on, China needs more time to probe Boeing crash that killed 132

Chinese authorities said they need more time to determine why a China Eastern Airlines Corp.…

1 hour ago

Bursa Malaysia opens higher on improved buying sentiment

BURSA Malaysia staged a rebound in early trade today amid improved buying sentiment in line…

1 hour ago