Inlaks introduces ATMs with NFC technology

Inlaks, Sub-Saharan Africa’s major ICT infrastructure and systems integrator, has partnered with Hyosung TNS to bring five ultramodern next-generation Automated Teller Machines (ATMs) to Africa, revolutionizing banking services.

Inlaks unveiled the cutting-edge ATMs at its Self-Service Innovation Summit in Accra, Ghana. Hyosung’s five most recent ATM designs are the Monimax 5600ST, Monisafe 500, Monimax 8600T, Manivalue 100, and Monimax 8800.

The new ATMs include advanced technologies such as Artificial Intelligence (AI), a mobile contactless solution that allows customers to withdraw cash by simply tapping the ATM NFC reader with a bank-enabled NFC card or smartphone, and a mobile contactless solution.

NFC is a group of short-range wireless technologies that typically require a distance of 4cm or less to initiate a connection. NFC enables the exchange of small data payloads between an NFC tag and an Android-powered device, or between two Android-powered devices.

Addressing participants at the programme, the chief executive officer, Inlaks, Africa Operations, Kyari Bukar, highlighting the need to efficiently address banking customers’ complex and evolving challenges at a low cost said, Inlaks prioritizes customer needs by offering solutions that improve user experience.”

Buka stated that emerging contactless technology and the growing demand for digital banking services have propelled banking to a new era of seamless cash withdrawals from ATMs that are much faster, more secure, convenient, and completely contactless.

Kevin Lee, Sales Manager, Middle East & Africa, Hyosung TNS, said that Hyosung TNS is present in more than 35 countries and has shipped approximately 760,000 ATMs worldwide.