FUTURE OF ATMS
A 2022 report from Merchant Machine found that 78 % of Romania ’ s population still uses cash , while Peru has the highest ratio of ATMs per 100,000 adults at 127 . Where cash and ATMs do and do not thrive isn ’ t merely a geographical quandary , but a demographic one , too . A report by Which ? claims that the 48 % ( 4,735 ) of scheduled UK bank closures since 2015 have created fund-access risk for vulnerable customers and those who have not adopted digital banking , including the elderly . This , therefore , suggests ATMs still play a significant role for some in developed markets .
“ IT IS CRUCIAL THAT BANKS CONTINUE TO ENHANCE THE SERVICES OFFERED BY ATMS IN CONJUNCTION WITH FINTECH PARTNERS ”
MICHALIS MICHAELIDES DIRECTOR OF BUSINESS DEVELOPMENT , BPC BANKING TECHNOLOGIES
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