RBR: ATMs installed worldwide fell by 1% in 2018

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RBR: ATMs installed worldwide fell by 1% in 2018

  • According to a brand-new report from RBR, Global ATM Market and Forecasts to 2024, ATM numbers dropped in four of the five largest markets in 2018
  • While the outcome was the same, each of these markets had its own reasons for the removal of ATMs
  • In China the swift adoption of non-cash payments has contributed to a similarly rapid fall in ATM installations
  • Branch closures led to fewer bank ATMs in the USA, while IAD expansion stifled as some retailers chose to withdraw machines rather than upgrade to EMV standards
  • The decline in China attributed to early adoption of non-cash payment methods
  • Despite these findings, RBR’s study shows that ATM numbers have actually grown in most countries