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 ā¹34.70 Lakh Crore
India Has Only 15 ATMs For 1 Lakh People
5 replies4 likes
OMPRAKASH SINGH
StealthĀ ā¢Ā 1m
How ATMs Make Money ā Let's Find Out! š¤šø
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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6 replies5 likes
Al Ganesh
Ā ā¢Ā
Tapasya College of Commerce and ManagementĀ ā¢Ā 6m
Unicorn startup idea :-An app that tells you which ATM has actually money
Tell me will this work in India??
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
StealthĀ ā¢Ā 1m
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
Chamarti Sreekar
StealthĀ ā¢Ā 21d
Startups don't die when they run out of cash, they die when the founders run out of energy.
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
StealthĀ ā¢Ā 3m
š³ The Future of ATM Withdrawals: QR-Based and Cardless š³
QR-based, cardless ATM withdrawals are shaking up the traditional cash experience! š² With just a scan, no physical card is required, making transactions faster, safer, and contact-freeāperf
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0 replies2 likes
Dinakar
StealthĀ ā¢Ā 9m
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