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MEMBERSHIP CURRENCY COMPENSATION POLICY

Brian McLean, Executive Director of ATMIA Africa, has announced reduced member rates for ATMIA Africa members with immediate effect. These new rates form part of ATMIA’s currency compensation policy and willl lead to savings ranging from $125 to $850 for ATMIA Africa members depending on the level of membership chosen.

ATMIA recognises that countries whose currencies are weak relative to the US dollar, particularly those in
emerging markets, will find the global fees less affordable.

2007 ATMIA Africa Member Rates

Type of Membership Global fee Discounted fee Saving SA Rand Cost
Start-up US$ 350 US$ 225 $125 R 1,575
Small Business US$ 475 US$ 300 $175 R 2,100
Entry Level US$ 785 US$ 500 $285 R 3,500
Board Member US$ 2,350 US$ 1,500 $850 R 10,500
Regional Sponsorships Negotiable
Additional option:
Level 3 Advantage US$1,650 US$1,000 $650 R 7,000

(This option gives provides companies with 3 years of Entry Level membership at a heavily discounted rate. It needs to be paid in advance).

“As ATM markets tend to be much smaller in the developing world, the companies themselves are smaller, or are local agents or distributors for the multi-nationals,” explained Brian.”They therefore don't have the infrastructure or ready access to finance that is common-place in Europe, USA, etc. We are a capital intensive business, after all.. These new rates make the offering attractively more affordable for such companies in these markets.”

Enquiries to Brian at brian@atmia.com

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