Tag: Accessible

  • Fee-Free ATM Withdrawals in Malaysia: New Initiative Boosts Accessible Banking from July

    Fee-Free ATM Withdrawals in Malaysia: New Initiative Boosts Accessible Banking from July

    Starting July 1st, Malaysians will have the ability to withdraw cash from any bank’s automated teller machines (ATMs) or smart recycler machines (SRMs) across the country without the usual RM1 (US$0.25) interbank fee. This new initiative will grant debit cardholders access to more than 14,000 ATMs and SRMs, regardless of the bank that issued their card. The announcement was made jointly by the Association of Banks in Malaysia, the Association of Islamic Banking and Financial Institutions Malaysia, and the Association of Development Finance Institutions of Malaysia.

    Making Financial Services Accessible

    The aforementioned associations have stated that this change, applicable to ATMs and SRMs run by Malaysian banks, was enacted in cooperation with Payments Network Malaysia (PayNet). The driving force behind this move is an ongoing effort to render financial services more attainable, all-inclusive, and affordable.

    It’s important to note that cash continues to play a crucial role as a necessary payment method for numerous Malaysians in their day-to-day lives. This elimination of the interbank fee is a reflection of the industry’s dedication to providing reliable, convenient, and cost-effective access to cash. Ultimately, it’s a measure aimed at alleviating the financial strain on consumers.

    Questions & Answers

    What is changing for debit cardholders in Malaysia?
    Starting July 1st, Malaysian debit cardholders will no longer be charged the usual interbank fee of RM1 (US$0.25) when withdrawing cash from any bank’s ATMs or SRMs nationwide.

    Who are the organizations behind this move?
    This change has been implemented jointly by the Association of Banks in Malaysia, the Association of Islamic Banking and Financial Institutions Malaysia, the Association of Development Finance Institutions of Malaysia, and Payments Network Malaysia (PayNet).

    Why has this fee waiver been introduced?
    The interbank fee waiver is a part of ongoing efforts to make financial services more accessible, inclusive, and affordable for all Malaysians, and to alleviate the financial burden on consumers.

  • Accessible Tourism – Huge Potential for More Growth

    Accessible Tourism – Huge Potential for More Growth

    Accessible travel is perhaps the travel industry’s greatest untapped opportunity. There are millions of people worldwide looking for accessible travel options. The demand will continue to grow due to demographic aging.

    MyTravelResearch.com has released a new and free insight report on accessible travel, which is also known as inclusive travel, disability travel, barrier-free travel, and access travel. In short, accessible tourism means everyone can enjoy travelling.

    The market is big, says the report. Around one in five people have a disability. Around 88% of people with a disability take a holiday each year. In the USA the Open Doors Organization estimates that US$17.3 billion is spent by adults with disabilities on travel each year. In Australia, around eight billion dollars a year is spent by travellers with disabilities. Around 12% of the European market is dedicated to people with disabilities.

    Perception Issues

    Our perceptions of accessible travel may be outdated. Bill Forrester in his Travelabilty blog writes: “Accessible tourism is no longer about building ramps and accessible bathrooms. It’s about building products and services for a larger and rapidly growing market. This is no longer a niche, but rather, a segment that is approaching 25% of total tourism spend.”

    Indeed, people traveling with a disability are more likely to take longer trips. And if you provide a great product or a service, accessible tourists will be extremely loyal and sing your praises on review sites and through word of mouth.

    While some travellers may have disabilities, their passion for travel is undiminished. Many focus groups have been conducted with traveling seniors. “The one thing in common with them all is that they don’t want to stop travelling,” says Bronwyn White co-founder of MyTravelResearch.com and author of the report. “They recognize, however, that the way that they travel may need to incrementally change as they age.”

    Around one in five tourists have a disability. The majority of those disabilities are not visible. Some people may not identify has having a disability. For example, a person may find it harder to see or hear, but may not tell you. A disability may be temporary, for example, someone on crutches.

    Impairment Varies

    Types of impairment vary. For example in the UK long term illness accounts for 50% of disability travellers; 26% are deaf or have partial hearing loss; 23% have mobility impairment; 7% are blind or partially sighted; 6% are mobility impaired; 5% have learning difficulties.

    Seniors often have disabilities, but they retain a sense of travel adventure, with attitudes often younger than their age. “You realize you can’t do things as confidently as you used to, but you don’t want to stop travelling. There are trade-offs, but a coach tour trade off isn’t so bad,” said one MyTravelResearch.com focus group respondent aged over 65.

    Many tourists have intellectual disabilities. It may take longer to learn things. They may have difficulty reading and writing. They may struggle to adapt to new or unfamiliar surroundings. They almost always travel with a companion.

    People with disabilities are generally tech savvy with over 58% using mobile devices to support their travel needs.

    Cruising

    Cruising is becoming more popular for people with disabilities. In the past five years, 10% of adults with disabilities in the US have taken a cruise, amounting to almost four million travellers taking seven million trips, generating US$11 billion in spending on fares and US$1.5 billion on excursions.

    Cruise line, Holland America has the award winning Access to Excellence as part of its cruise program. Most cruise lines now have accessible programs in place.

    Practical Tips

    Visit Britain says there are three aspects that all businesses need to address to provide access for all:

    • Information and Marketing – providing detailed information on the accessibility of your facilities and services, making this information easy to find.
    • Customer Service and Training – being disability aware with the right attitude and confidence to serve all customers
    • Physical Facilities – making reasonable adjustments to buildings and facilities so that they are ways for everyone to enter and move around.

    For tourism destinations and services seeking to improve their service to disability travellers, the MyTravelResearch.com Accessible Tourism Report is full of practical tips and links to extra resources. To download the report for free visit https://mytravelresearch.leadpages.co/accessibletourism/