ATMs reduce in India in FY25; fueled by shift to digital payments: RBI
The number of ATMs in India has decreased as digital payments gain traction, reducing the need for cash withdrawals. While private and public sector banks reduced their ATM networks, white label operators expanded. Bank branches, however, saw growth, particularly in rural and semi-urban areas, with basic savings accounts also increasing.
The number of ATMs in India has decreased as digital payments gain traction, reducing the need for cash withdrawals. While private and public sector banks reduced their ATM networks, white label operators expanded. Bank branches, however, saw growth, particularly in rural and semi-urban areas, with basic savings accounts also increasing.
