Annual Report 2001/2002

Automated Teller Machines

There are several shared ATM networks and a number of proprietary ATM networks operating in Singapore. The two major ATM networks are the DBS network and the shared ATM network between UOB and OCBC. With the issuance of QFB licences, some of the QFBs are sharing their ATM networks amongst themselves to provide better service to the consumers. In March 2002, The Hongkong and Shanghai Banking Corporation Limited, Maybank and Standard Chartered Bank launched their shared ATM network. In May 2002, Citibank and ABN Amro announced their intention to share their ATM networks. As at December 2001, the total number of ATMs increased slightly by 0.17% to 1,797 machines.

[Consumer Credit Bureau] [Reducing Foreign Exchange Settlement Risks] [Automated Teller Machines] [MAS Electronic Payment System] [Interbank GIRO] [Cheques] [Electronic Fund Transfer] [Multi-purpose Stored Value Card]

[Regulatory Initiatives] [Developmental Initiatives] [Market Infrastructure]

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