Introducing an ATM (Automated Teller Machine) into a retail shop can offer numerous benefits, both for the store itself and its customers. Here are some ways a retail shop can benefit from having an ATM.

Will cash go away? That is the question that is top of mind for the ATM industry. Some thought leaders believe that digital payments will phase out cash completely and lead us into a fully cashless society. However, there are reasons to doubt this narrative, especially when you consider numerous legal efforts to restrict or ban cashless businesses due to concerns with the unbanked and underbanked.

Using cash as a budget tool can be a highly effective and tangible way to manage personal finances. One of the primary advantages of using cash is its inherent physicality, providing a tangible representation of money spent. Unlike digital transactions, counting out physical bills and coins creates a more visceral connection to one's spending, fostering a heightened awareness of financial decisions. This tactile experience can serve as a powerful deterrent to impulsive purchases and encourages individuals to prioritize essential expenses over discretionary spending.

The introduction of an Automated Teller Machine (ATM) within a store can significantly enhance its financial performance by creating an additional profit stream.

While digital forms of payment, such as credit cards and mobile wallets, are becoming increasingly popular, there are still some benefits to using cash in everyday life. Here are some advantages of using cash.

According to figures posted by the Canadian Bankers Association last year, there are nearly 70,000 cash machines nationwide. About 18,500 – or just over 25% of them – are bank-owned. The remaining 50,000 or so are privately owned.

vCash Group is a financial technology company that specializes in providing ATM services, including retail ATM placement. If you are interested in getting a retail ATM placed in a retail store through vCash, you can follow these general steps described in this short article.

The concept of a cash-free (or cashless) society has been around for decades. But with the digital-payments penetration reaching 89 percent in 2022, and with the share of respondents who report using two or more forms of digital payments growing rapidly - from 51 percent in 2021 to 62 percent (McKinsey), research shows us that customers are increasingly moving away from cash-based payments.

Rogers' network failure on July 8, 2022 highlighted our society's fragile reliance on electronic payments.