At the meeting, APN summarized the cross-border ATM/POS switching connection during the past time and seek for the solutions to issues to promote the connectivity among members. The APN development plan was also put on discussion and agreement, including APN’s brand name identification, fee structure for POS transactions, setting up a hub to minimize the bilateral connection between members.

   APN was founded on 7 May 2006 and officially registered as a legal entity on 6 June 2011. APN’s main operation objective is to interconnect switching systems of member countries and bring utilities to cardholders in those countries. Joining APN and implementing the cross-border connection, cardholders in an APN’s member country can use their cards to perform transactions on ATM/POS in other member country. Moreover, members’ autonomy is guaranteed. None of the members can intervene or bring bad effects on other member’s activities. The connection among members is totally based on the basis of cooperation and benefits of the parties.