Kommersant: banks will start testing domestic ATMs before the end of autumn

by time news

Until the end of autumn, the largest Russian banks will receive for testing the first samples of domestic ATMs from BFS and SAGA manufacturing companies, Kommersant reported this with reference to the road map that the Central Bank presented at a meeting of the Council on Cash Circulation (SNDO) on September 9 .

According to the document, if the testing is successful, then at the beginning of next year, banks will begin receiving serial lots of several hundred Russian ATMs.

The Central Bank clarified that during this meeting the issues of import substitution in terms of the work of banks with cash were raised. According to the publication, the council presented a roadmap for the creation and launch of domestic ATMs on the market. In addition, the issues of the need for counting and sorting machines, validators, as well as the formation of technical requirements for them were also discussed.

According to the vice-president of the Association of Banks of Russia Alexey Voilukov, the meeting discussed the timing of work on the import-substituted version of ATMs. “In the first half of 2023, the first versions will be worked out and piloted, and from the middle of the year it is quite possible to enter industrial production and offer domestic ATMs for all banks,” he said. However, even after the release of serial batches, work on localization will continue over the next two years, Voylukov emphasized.

Other sources of the publication note that it is technically impossible to create a completely domestic ATM, the production of which will be 100% localized in Russia. It is clarified that although the mechanical part of the design of the ATM and its body can be created in Russia, the necessary electronics are not yet produced in the country. Therefore, the most likely scenario may be production according to the “screwdriver assembly” principle, in which the domestic case is filled with imported components.

Subscribe to Vedomosti on Telegram and stay up to date with the main economic and business news

You may also like

Leave a Comment