UPI, RBI rules ...: Why Banks are shutting down ATMs

Indian banks are phasing out ATMs and cash recyclers despite record cash circulation. The shift is attributed to the rising popularity of digital payments and a focus on digital transformation. While cash remains significant in the Indian economy, ATM penetration is low.

source https://timesofindia.indiatimes.com/technology/tech-news/upi-rbi-rules-why-banks-are-shutting-down-atms/articleshow/115062037.cms

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