Spark ATM Systems wins the Africa Tech Week Fintech of the Year Award for 2021

Spark ATM Systems, South Africa’s leading independent ATM deployer, won the 2021 Fintech Award at the Africa Tech Week 2021 Awards ceremony held virtually in December 2021. The Fintech Award recognises a Fintech organisation that has demonstrated a commitment to innovation which assists them in better serving their customers and stakeholders. Newly appointed Managing Director, […]

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Gen Zs are voting with their feet – cash is their preferred method of payment

A global research survey conducted by Bank of America found that Gen Z consumers prefer to pay using cash. The survey also revealed that Gen Z consumers also put quality above price, prefer material goods to experiences such as travel and are very much against taking on debt, whether it be credit card debt or […]

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Key Challenges of a Cashless Society in 2021 and beyond

Well before COVID-19, some countries in various parts of the world were moving towards cashless societies. And, with consumer demand for more payment options leading the charge for non-cash payments, including contactless credit cards, talk of such a movement is on the rise again. But, while offering a choice of payments (on top of the […]

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Cash is the preferred payment option for all service workers

South Africa’s service workers are missing the certainty and immediacy of cash tips as many businesses are encouraging cashless payments, with some workers losing income to processing fees and the various distribution methods used by employers. Over 80% of service workers experience some kind of “wage theft” which in short occurs when customers include the […]

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The good note guide

We would like to highlight the importance of loading good quality notes into your ATM. What is a good note? Uncreased with no nicks, tears, sticky tape or paperclips Not only will good quality notes ensure that your ATM functions smoothly and without any reversals, but it will also ensure that the number of notes […]

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Spark ATM Systems: Company Announcement

Since founding Spark ATM Systems in 2006, our Managing Director Marc Sternberg, has played a pivotal role in the growth and success of the company. After a long and successful 15 years, Marc has decided to leave the company, effective 31 Dec 2021, to pursue other interests. Through hard work, passion and commitment, Marc has steered […]

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Cash continues to remain relevant in a South African context

Cash continues to command the “share of wallet” when it comes to specific payments that South African consumers make on a day-to-day basis. While digital payment options continue to garner traction, it seems for now, cash continues to be the preferred payment method. Let us review a few of these cases: Toll Road Payments70% of […]

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Lockdown and Looting – how these showed up in consumer spending

Recent transactional data shows how consumer spending took a hard knock from the Covid-19 third wave and stricter lockdown, as well as the unrest from the rioting and looting that occurred during the month of July. These two events have dented the country’s economic recovery in a short time.  BankservAfrica’s Card and Point-of-Sale (POS) transactional […]

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Cash will always be relevant

Smart and online technologies are changing the way we pay, however cash is still the most attractive means of payment for a huge majority of people worldwide. We look at 10 key reasons for the relevance of cash. Cash ensures stable currency systems. It is not only the most secure means of payment and resilient […]

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Mandela Day 2021

When the world seemed to be falling apart around us during the month of July it did not deter the team at Spark ATM System’s from coming together to play their part in honouring the legacy of Madiba by celebrating Mandela Day in the best way possible; by doing good deeds and giving willingly to needy charities. The […]

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