Despite an unprecedented rise in cash circulation, Indian banks are reducing the number of ATMs and cash recyclers, driven by the shift towards digital payments, especially UPI. From September 2023 to September 2024, the ATM count dropped from 219,000 to 215,000, with a significant decrease in off-site ATMs. BulletsIn Over 4,000 ATMs removed as banks
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Despite an unprecedented rise in cash circulation, Indian banks are reducing the number of ATMs and cash recyclers, driven by the shift towards digital payments, especially UPI. From September 2023 to September 2024, the ATM count dropped from 219,000 to 215,000, with a significant decrease in off-site ATMs. BulletsIn Over 4,000 ATMs removed as banks
