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NEWS

Banktech ATM Venues to Earn Revenue From Digital Payments

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MEDIA RELEASE

Banktech ATM Venues to Earn Revenue from Digital Payments

- Media Release -

Banktech today reported it has received confirmation from the Queensland Office of Liquor and Gaming Regulation (QOLGR) relating to the use of its innovative CashConnect ATM Plus terminal which allows patrons to top up digital wallets using cash.

Australia’s first independent ATM Deployer Banktech, continues to lead the ATM industry by enabling ATM users to deposit and withdraw cash from digital accounts at its new CashConnect ATM Plus machines - and paying the venue a fee per transaction.

“More venue patrons are using mobile Apps so offering them the convenience of “topping up” their digital wallet at the ATM is a highly valued service,” commented David Glen CEO of Banktech. “The customer demand will only continue to grow.”

Importantly Queensland venues can operate ATM Plus terminals knowing they are not breaching any applicable Gambling laws.

The Queensland Office of Liquor and Gaming Regulation (QOLGR) has confirmed a venue does not breach any laws or its licence conditions by allowing patrons to top up a digital wallet with cash at the new Banktech ATM Plus machines.

In providing confirmation, QOLGR understands a Banktech ATM Plus machine facilitates “the use of a digital wallet for the purpose of making cash deposits with a range of retailers including online corporate bookmaker, Ladbrokes”.

Banktech is currently partnering with the on-line bookmaker Ladbrokes to allow Ladbrokes customers to top up their digital wallets with cash at ATM Plus.

Banktech is also working with a range of Australian charities to allow patrons to make cash donations at ATM Plus and receive both a digital and physical tax receipt.

The ATM Plus terminal does standard ATM transactions such as withdrawals and account balances however it also features a QR code scanner and a bank note acceptor, allowing the ATM to accept notes.

Banktech owns and operates more than 2,500 ATMs across Australia. “Many of our existing ATM customers are upgrading to CashConnect ATM Plus and getting themselves ready for a digital future,” says David Glen.

 

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Date Released: 20 July 2021

Further details: Gina Skinner, Marketing & Industry Relationship Manager, Mb: 0438 066 712

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