CX banks on India ATM opportunity
WITH MORE THAN 90% OF RETAIL transactions carried out in cash, India's growing consumer classes are in need of ATMs. However, there are only around 90,000 machines nationwide, which equates to just 59 per million people.
"India is significantly under-penetrated when it comes to the number of ATMs per person, or the number of ATMs per square kilometer, compared to economies such as China, Europe or even Brazil," says Vatsal...
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