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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