, China

ICBC's number of ATMs up to 52,000 by end of 2011

ICBC installed 11,000 ATMs last year to push its total number to 52,000 ATMs in service by the end of last 2011.

 

Over 5 billion transactions went through ICBC's ATM, to 5.256 billion. Furthermore, transaction turnover rose 44% over previous year to RMB 4.8 trillion, showing the higher service capacity and standard of ICBC.

More ATMs have been installed in order to cater the change, said an executive with the Bank. Special efforts have been paid on the availability on the devices, functions and management. Various measures were adopted to provide fast and efficient ATM services. Now every day on average, one ICBC ATM handles 332 transactions involving nearly RMB 320,000, leading other banks in China.

ICBC leverages its strengths in IT and product innovation to roll out a range of new ATM services - fast cash withdrawal, countdown timer, dynamic password authentication, which enhance the availability, safety and user-friendliness.

The bank intends to install more ATMs, put more resources, upgrade the functions so that customers can enjoy the convenient, top-quality financial services, said the executive with the Bank.

Join Asian Banking & Finance community
Join Asian Banking & Finance community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you design and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Top News

Ping An Digital Bank offers $6.4m trade loans to SMEs
New facilities use alternative credit data with funding available in as fast as one business day.
OCBC opens ringgit savings to Singapore customers
First non-Malaysian lender offers interest-bearing MYR balances of up to $12,250.4.
Standard Chartered buys Zodia Custody as digital units combine
The proposed transaction remains subject to regulatory approvals across its operating markets.

Exclusives

Banks told to stop playing Gen Z card
Complicated reward schemes and spending conditions can erode card benefits.
Cards & Payments
Banks rethink overseas ties as payments go digital
Bank of America sees common standards and round-the-clock liquidity as key hurdles.
Singapore opens door to foreign stablecoins under tighter rules
Banks may need separate companies to issue stablecoins under the proposed framework.