ATM/CDM PROPOSAL

DAILY DEPOSIT WITHDRAWALS FOOT FALL 400K PER

ANNUM 4 BUYING SESONS PA PRE RAMDAN, 2 EIDS,

SCHOOL REOPING UTILITIES BILL PAYMENTS

TOURIST PORT 2015 TOURISTS 350K SHOP OWNERS RESIDENT SHOPPERS 2 MACHINES WILL LOWER

REPLISHING COSTS

CASH-LESS TRANSACTIONS BRANCH

NEW EMPLOYEE INTRODUCTION

NO POS MACHINES NO ATMs NO CDMs

RECURRING COST ÷ 10 MACHINES

SECURITY x 1 NATIONAL EMPLOYEED

SECURITY POST 11PM LIGHTS OUT AND

LOCKDOWN RENOVATION AND FIXTURES

COSTS ÷ 10 MACHINES BORNE BY SITE OWNER

Mutthra souq is one of the oldest, busiest souq owing to it proximity to the port which as per government plans of creating a dedicated tourist port in 2015. The souq consists of more the 2000 stores and its owners, local shoppers and tourist, the foot fall in the souq is above 750000 people per year. The presence of the banks branches are currently at extreme ends of the souq which are crowded with footfall and they have no presence of ATM or CDM machines within the souq.

The proposed site is at the very center, at the heart of the souq accessible form both entrances. This proposed venture would directly benefit the store owners as they would deposit their daily earning at the end of the day, to the local shoppers a withdrawal opportunity, to the tourists conversation of international currency and withdrawal will be an assistance, as majority of the stores do not have POS machines. 

This form a banks point of view will be supporting the SMEs, as well as enjoy less deposit and withdrawal footfall at the bank branches. This site can host upto 10 machines under one roof. The replenishing cost will lower owing to 2 machine per bank.

A single bank could also use this site to create a cashless transaction branch, wherein new employees can experience direct customer service. footfall at the main branches will reduce, revenue can be generated form foreign exchange of the tourists, other ATM card holders usage fee. As majority of the shop owners dont have a POS machine a system can be implemented to use and create a revenue for this branch. 

Media and PR benefit could include support to His Majesty Vision of the new tourist port, unique concept to assist the local shoppers and a micro support to the local SMEs.