1. Overview of the currency detector industry
The counterfeit detector is a machine that integrates counting and identifying counterfeit banknotes. Due to the large scale of cash circulation and heavy cash processing at the bank teller counter, the money counter has become an indispensable device.The currency counting machine market will end the previous situation due to lack of guidance and fierce non-healthy competition, and usher in opportunities for healthy and sustainable development.
1. The market environment of counterfeit detectors
Although the current non-cash payment tools are developing rapidly, according to statistics, since 2013, the cash in circulation has maintained a net growth trend. In 2014, 2015, and 2016, they were 168.5 billion, 295.7 billion, and 404.6 billion, respectively. The increase was 2.88%, 4.91%, and 6.63% respectively.
According to data from the People's Bank of China, as of the end of December 2018, China's broad money (M2) balance was 182.67 trillion yuan, an increase of 8.1% year-on-year; the narrow money (M1) balance was 55.17 trillion yuan, an increase of 1.5% year-on-year; currency in circulation (M0) The balance was 7.32 trillion yuan, a year-on-year increase of 3.6%.
With the increase in the total amount of currency in circulation, the society's demand for cash counters such as anti-counterfeit counters and currency detectors is also increasing. In addition to self-service banking equipment and sorting equipment that have been basically popularized in banking financial institutions, the number of various self-service commercial cash accepting equipment in shopping malls, subways, hospitals and other places is also increasing rapidly.
2. The rapid development of non-cash payments reduces the demand for currency detectors
Non-cash payment is fast and convenient, and the security is getting higher and higher, which has a strong substitute for daily petty cash payment. In 2018, banking financial institutions across the country handled 220.312 billion non-cash payment services, with an amount of 3,768.67 trillion yuan, a year-on-year increase of 36.94% and 0.23% respectively. Among them, the growth rate of mobile payment is even more rapid. In 2018, banking financial institutions processed a total of 175.192 billion electronic payment transactions. Among them, 57.013 billion online payment services, a year-on-year increase of 17.36%; 60.531 billion mobile payment services, a year-on-year increase of 61.19%; 158 million telephone payment services, a year-on-year decrease of 0.99%.
Data show that in 2018, banking financial institutions processed a total of 2539.70 trillion yuan in electronic payment services. Among them, online payment business amounted to 2,126.30 trillion yuan, a year-on-year increase of 2.47%; mobile payment business amounted to 277.39 trillion yuan, a year-on-year increase of 36.69%; telephone payment business amounted to 1.58 trillion yuan, a year-on-year decrease of 12.54%.
1. The development trend of counterfeit detectors
In the current "Internet + finance" background, the continuous emergence of Internet payment tools such as online banking and mobile payment has greatly affected the cash payment model. The traditional banking industry has been severely challenged, which has forced banks to rethink their outlets. Positioning, vigorously promote branch transformation and business process reengineering, and promote the construction of smart banks. Traditional financial equipment that targets automated processing such as cash counting and bundling is about to be saturated after years of development, and intelligent financial self-service equipment is more in line with the future development trend of bank intelligence and self-service.
An important manifestation of smart banking is the application of various intelligent financial self-service equipment, which can replace standardized manual service processes, effectively alleviate the phenomenon of queuing at outlets, improve operating efficiency, and reduce operating costs; at the same time, smart banking helps banks release more Human resources provide consumers with in-depth services to meet their complex and diversified needs. Major domestic banks have made the transformation and upgrading of smart banking outlets a strategic priority and actively promoted implementation. The transformation of bank outlets will generate a large amount of demand for self-service equipment.