Package lockers are increasingly becoming more and more common in the US and in Europe. They are also found in many countries in Asia and Africa.
Filling the void between pickup points and home deliveries package lockers have spread with the rise of e-commerce around the world.
There is however the problem of placing the lockers at strategic locations for them to be useful. Amazon has its own locker, the Amazon Locker. There are also many logistics companies that provide their own lockers and even third parties that provide package lockers for everyone to use.
Cash Machine With Logistics
South China Morning Post now reports of a new take on the package locker. The company NCR, that claims to be the world's number one supplier of ATMs (automated teller machines), has partnered with courier service LTF Asia. Together they will marry the package locker with an ATM and create what they call a logistic teller machine (LTM).
We are of course talking about a package locker where the same screen is used to withdraw money as well as opening a package slot to collect an online order.
The partnership is said to bring the cost down to 50 percent of the usual for participating banks.
- We are confident that this joint initiative will help banks achieve significant operational cost savings and bring unique online-to-offline transaction experience to their customers, said Wilson Fong, chief executive LTF Asia.
There is also an opportunity for banks to negotiate revenue-sharing with LTF Asia for every parcel delivered through the locker, or LTM.