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
Al Ganesh
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Tapasya College of Commerce and Management • 4m
Unicorn startup idea :-An app that tells you which ATM has actually money
Tell me will this work in India??
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
Surya
Stealth • 1m
💳 The Future of ATM Withdrawals: QR-Based and Cardless 💳
QR-based, cardless ATM withdrawals are shaking up the traditional cash experience! 📲 With just a scan, no physical card is required, making transactions faster, safer, and contact-free—perf
Does the concept of winning cash amount by playing any game without depositing any kind of money work in India??
1 replies
Dinakar
Stealth • 7m
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
Why Banks are preferring UPI for ATM cash withdrawal instead of traditional Cards
No Physical Card Production: Issuing debit cards costs banks money (around Rs 150-200 per card for production, shipping, and activation). UPI eliminates this by workin
Funding is not everything, kids.
Reason why traditional business models work is b/c they're tried and tested.
Don't bank your lives on bets that "might work out" which'll benefit someone else the most.
Strong fundamentals always win.