Back

Anonymous

Anonymous 5

Hey I am on Medial • 8m

Makes sense. UPI and digital payments have made things so convenient that fewer ATMs are needed. It's good to see banks adapting to tech trends because I haven't used an ATM for 3 years now straight and I have been around here and there in India and UPI just works. everywhere.

Reply

More like this

Recommendations from Medial

Image Description
Image Description

BigLoot IN

BigLoot.in - Where S... • 8m

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 Replies
4
Image Description
Image Description

Laxit Rana

 • 

Repute • 9m

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

See More
6 Replies
3
12
Image Description
Image Description

Dinakar

Nobody • 1y

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

See More
5 Replies
1
8

RV Dhameliya

Student • 22d

In the last five years, cash withdrawals initially increased but are now declining, while the number of ATMs is steadily decreasing. 1. Cash Withdrawals Growth → Then Fall Growth till 2022–23, now falling. Digital payments like UPI, QR codes, wall

See More
Reply
6
Image Description
Image Description

Laxit Rana

 • 

Repute • 10m

[PART -1 ]UPI is set to phase out debit card, and we will be here witnessing it :- - UPI is to introduce a new feature "UPI Circle" that allows users to delegate payment authority to family members or friends. So it basically enables primary account

See More
2 Replies
9
Image Description
Image Description

OMPRAKASH SINGH

Founder of Writo Edu... • 6m

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

See More
6 Replies
1
7

gray man

I'm just a normal gu... • 2m

The Reserve Bank of India has directed banks to ensure that ATMs dispense ₹100 and ₹200 notes. This move aims to make these widely used denominations more accessible to the public.

Reply
7
Image Description
Image Description

Vedant SD

Finance Geek | Conte... • 9m

The Rise of Digital Payments in India India's digital payments landscape has witnessed a remarkable transformation in recent years, driven by government initiatives, technological advancements, and changing consumer behavior. The country's large popu

See More
7 Replies
2
9

Mahendra Lochhab

Content creator • 1y

The Reserve Bank of India (RBI) and NPCI International Payments (NIPL) plan to extend the Unified Payments Interface (UPI) to 20 countries by the FY29.

Reply
1
6
Image Description
Image Description

Deep Makhasana

Hey I am on Medial • 3m

Tired of sharing your QR Code or UPI ID manually? Generate a secure UPI payment link in just a few clicks and start receiving payments instantly. Works seamlessly with Google Pay, PhonePe, Paytm, and all UPI apps. https://upi.liveyst.com/

3 Replies
1
15

Download the medial app to read full posts, comements and news.