A story on ATMs -
Total number of ATMs India had at the end of fy23 was 1.31 lakhs. These are standalone ATMs that aren't inside a bank's branch. This figure is about 1.5% more than last year.
This tiny growth isn't driven by banks, but instead by
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Anonymous 2
Hey I am on Medial • 10m
Most of the transaction fee they get is from cross-breeding atms "accepting all cards" kinda thing
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Dinakar
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A story on ATMs -
Total number of ATMs India had at the end of fy23 was 1.31 lakhs. These are standalone ATMs that aren't inside a bank's branch. This figure is about 1.5% more than last year.
This tiny growth isn't driven by banks, but instead by
How ATMs Make Money – Let's Find Out! 🤑💸
1. Transaction Fees: When you withdraw money from an ATM, you are charged a certain fee. This fee goes to the ATM operator and is a significant source of their income.
2. Balance Inquiry Fees: Checking yo
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