Encash is delivering financial transactions and expanding access to financial services to previously unserved customers in new markets across the Philippines with KAL’s RTM.

With local banks absent in over a third of Filipino towns, the RTM allows Encash to now provide ATM transaction services to previously unserved areas. RTM’s innovative approach of printing secure tickets for the customer to exchange for cash from the retailer sidesteps the logistical challenges and high costs banks face in providing access to ATMs in remote areas.

The RTM can be used in any location where cash is already present (eg supermarkets, hotels, post-offices, etc), engaging new types of partners and new opportunities for ATM deployers.

Encash sales and marketing director Marga Estebanlar was joined by KAL CEO Aravinda Korala at the recent South East Asia ATMs event to present details and case study examples of this unique new venture. You can watch the presentation video here.

The presentation shows how innovation can bring previously inaccessible ATM market opportunities within reach. Using the RTM, Encash was able to enter sectors unserved by any ATM deployer in the Philippines.

The RTM is another example of the ATM industry’s unique contribution to global growth through the increased use of self-service to deliver secure financial transactions to an increasing portion of the globe.

For more on the RTM click here.

At the recent European ATMs 2016 conference, KAL CEO Aravinda Korala takes timeout to talk to Fintech Finance about the importance of the event, as well as several exciting new projects for KAL, including an RTM pilot in China and a contract with a big bank in Morocco.

He goes on to discuss the enduring importance of cash and his predictions for increasing reliance on self-service ATMs and kiosks as the number of bank branches falls and customers look for safe ways to carry out transactions.

To watch the video, click here.

The RTM is a world first in branchless banking and one of the most important products ever to be introduced to the self-service banking industry. Operating at one-tenth of the cost of bank ATMs, the RTM provides all ATM transactions including cash-out and cash-in, but has no cash inside the machine. RTMs enable banks to cost effectively open up their banking services to millions of people around the world who do not have easy access to their banks. 

Learn more about the KAL RTM here.

At the recent China Beijing International Fair for Trade in Services (CIFITIS), KAL demonstrated how its Retail Teller Machine (RTM) can be used to automate transactions typically done over the counter, as well as enable new, advanced services.

In the photos below, visitors to the conference can be seen being introduced to KAL’s cashless ATM, which has a total cost of ownership that is just one-tenth of a traditional ATM. 

Around 331 potential contracts, worth more than $100 billion, were lined up at the event, which showcases business, communication, construction and engineering services, among many others.

Hear KAL CEO Aravinda Korala’s take on new developments in ATM software – including cardless and contactless transactions, and remote teller assisted transactions – and how they are set to revolutionise the use of ATMs worldwide over the next ten years. 

You can watch the video here

In this thought-provoking and enlightening video, KAL CEO Aravinda Korala talks about the increasing importance of remote teller assisted machines as a supplement – or in some cases even a  substitute – for bank branches.

Aravinda explains how KAL’s Remote Teller Machine (RTM) works, what it can offer customers – from everyday transactions like cash withdrawal to once-in-a-lifetime transactions such as arranging a mortgage - and how it can significantly cut costs for banks. As he says, the RTM essentially becomes “a bank branch in a box”.

The video also features interviews with Jeroen Holscher of Capgemini, pictured above, who talks about payments, and Sigridur Sigurdardottir of Santander, who looks at the importance of brands and offering customers a personalised service.  

In this month’s edition of RBR’s Banking Automation Bulletin, KAL CEO Aravinda Korala talks about the emergence of ATM software as a key component in banks’ efforts to cut costs, boost service, and improve the customer's banking experience.

He also discusses the growing trend for advanced ATM transactions that are assisted by remote tellers, the challenges of cardless transactions and biometrics, and the requirement for fully integrated security solutions for ATMs.

Read the article here.

In this informative and thought-provoking webinar, KAL CEO Aravinda Korala looks at what the future holds for the ATM industry.

He cites five key areas where major changes are widely believed to be on the horizon: cardless transactions; mobile integration and omnichannel banking; contactless payments; video-assisted self-service, and biometrics.
Aravinda looks at each of these areas in detail and reveals his predictions for how big a role they will play in the ATMs of the future.

In a recent article, What’s the future of the cash point? published by behavioural insights practice Canvas8, KAL’s Steve Hensley joins other experts to discuss the future for ATMs in light of the rising popularity of digital transactions.

Steve argues that cash can’t be beaten in terms of personal security – no-one can steal your identity when you pay with cash – or convenience for a person to person payment. Steve also points out the importance of ATMs when it comes to the most common transactions – cash withdrawal and deposits.

To read the full article, click here.