Hey I am on Medialย โขย 11m
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.
BigLoot.in - Where S...ย โขย 11m
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
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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
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[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 MoreFounder of Writo Edu...ย โขย 9m
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
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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 MoreFounder - Burn Inves...ย โขย 1m
Free Payments for Us Big Losses for Them The UPI Puzzle UPI has become a daily part of life in India People use it everywhere from paying at a tea stall to buying groceries to transferring money to friends In July 2025 more than 15 billion transacti
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