Diebold Nixdorf sees growth opportunities

DIEBOLD Nixdorf, a US- based solutions provider for the banking and retail sectors, remains bullish on its Philippine operation and continues to see growth opportunities with the expansion of banks across the country.

- day, Diebold Nixdorf Philippines President Julius Servando said they are basing their optimism on the country’s need for more automated teller machines (ATMs) and Filipino consumers’ shift toward smartphones.

Diebold Nixdorf is one of the world’s biggest ATM makers. In 2015 it was estimated to control about 35 percent of the global ATM market.

Servando noted that the ATM network in the Philippines continues to lag behind other Asian countries, with only 19,851 terminals nationwide. He said Diebold Nixdorf currently holds a 58 percent market share of the installed base of ATMs here.

With a projected 48 percent growth to reach 29,400 terminals by end-2022, based on market re was optimistic the company can tap this opportunity and further boost its local operation.

“We are actually here to support customers both in banking and retail in any technology. The two government banks that we [serve] have almost 3,000 [terminals],” he told reporters.

Asked whether the company is bothered by the government’s vision to move toward a cashless society, Biswajit Jha, vice president and managing director of Diebold Nixdorf Asean, brushed off such concerns and stressed that physical currency will “continue to play a role in the future.”

Jha said they continue to focus on investing heavily in research and development to provide new solutions to keep abreast of the changing times. They are also banking on the increasing penetration of smartphones among Filipinos, he added.

He said the market will see a bank enabled for mobile withdrawal next month, but did not disclose if it would be a domestic or foreign bank.

Diebold Nixdorf Philippines has 40 clients in the banking industry and 24 clients in the retail industry.