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 โน34.70 Lakh Crore
India Has Only 15 ATMs For 1 Lakh People
5 replies4 likes
OMPRAKASH SINGH
Stealthย โขย 24d
How ATMs Make Money โ Let's Find Out! ๐ค๐ธ
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
See More
6 replies5 likes
Al Ganesh
ย โขย
Tapasya College of Commerce and Managementย โขย 5m
Unicorn startup idea :-An app that tells you which ATM has actually money
Tell me will this work in India??
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
See More
0 replies5 likes
Aarihant Aaryan
Stealthย โขย 2m
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
Stealthย โขย 2m
๐ณ The Future of ATM Withdrawals: QR-Based and Cardless ๐ณ
QR-based, cardless ATM withdrawals are shaking up the traditional cash experience! ๐ฒ With just a scan, no physical card is required, making transactions faster, safer, and contact-freeโperf
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