Indian Banks Are Shutting Down ATM Machines Because of UPI and Digital Payments
4000 ATM Machines Closed in Last 1 Year
Cash Circulation in India is Still At All Time Record High of Over ₹34.70 Lakh Crore
India Has Only 15 ATMs For 1 Lakh People
5 replies4 likes
OMPRAKASH SINGH
Founder of Writo Edu... • 5m
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
I'm making finance agent but no idea how to monetize apart from subscription which in india most likely won't work at scale
1 replies4 likes
Saurav Dukare
Have Faith... • 4m
You'll get stuck multiple times while building a brand or a company.
- Progress will feel slow.
- Things don't go to plan.
- Sales you assumed won't convert.
This has happened to me at least 3 times.
Just tell yourself - "I'll figure it out" and f
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0 replies5 likes
Tharun Raj
Hey I am on Medial • 2m
Digital Meter auto startup idea will work in India or won't work?
1 replies2 likes
Eliphaz Yesudas
Helping SaaS and B2C... • 15d
i have an idea of building an app that can show the balance in the ATM(with some extra features ) , so users can go to the ATM that has enough money for the user (used needs ) .
my question is
1. is it relevant in this digitalization world where
India won't beat china, if we don't become great at manufacturing
The biggest barrier for this is quality manpower in factories, it is also the reason most "Made in India" products have the lowest quality.
1 replies10 likes
Chayan Das
•
ZeroBizz • 2d
💡How Do Banks Really Work? Here's a Simple Visual Guide! 🏦
1️⃣ Banks take deposits from customers at ~4% interest.
2️⃣ They lend that money to borrowers at ~10% interest.
💰 The 6% spread is their profit.
🔍 Key Banking Terms You Should Know: