Cash Recycler Market

According to an RBR study from 2011, the overall international market for deposit automation is expected to grow at a compounded annual rate of 11% through 2020, representing a total of 1.4 million terminals. China is expected to be the largest market for deposit automation in the world by 2020, assuming a possible installed base of 450,000 terminals, which will make it more than twice the size of the next largest market, Japan. RBR further forecasts that the number of automated deposit ATMs will grow more than twice as fast as non-deposit ATMs over the next decade.

As of 2013, India had an installed base of approximately 3500 Deposit Automation machines. In this year alone, India will add to these numbers by at least another 10,000 machines. The sudden spurt can be attributed to instant adoption by customers as well as the apparent operational efficiencies that these machines bring to a bank branch.

Perhaps the most significant impact of Cash Recyclers is that due to their capabilities of sorting out damaged, soiled and counterfeit notes, over time and with enough machines deployed, they will improve the quality of the currency in circulation, which will go a long way in helping RBI maintain a steady supply of fresh bank notes under its clean note policy. 

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