According was 220.52. Meanwhile, some of the nations that

According to World Bank, the
Asian nation of South Korea stood at the higher end with 278.73 ATMs for
100,000 adults in the year 2015. Macao SAR, China, was the second country with
the most number of ATMs per 100,000 adults. Here, the number stood at 254.13
while in Canada, which occupied the fourth spot, the number was 220.52.
Meanwhile, some of the nations that had above 100 ATMs per 100,000 adults were
Portugal, Russia, Australia, UK, Japan, Germany, Peru, Bulgaria, Brazil and
France to name a few. India, which is currently in the news due to the
government’s demonetization policy and emphasis on shifting towards a cashless
economy, ranked poor in this regard. The emerging economy reported just 19.71
ATMs per 100,000 adults. Meanwhile, its neighbor China had in 2015, 76.37 ATMs
per 100,000 adults. In the World Bank list, while Australia may have ranked at
the higher end with 164.62 ATMs per 100,000 adults, New Zealand ranked way
behind with a figure of 69.48. The European Union boasted of 70.36 ATMs per
100,000 adults, with Portugal ranking the highest with a figure of 174.85.
Finland stood at the bottom with just 33.25 ATMs per 100,000 adults. Meanwhile,
South Sudan and Afghanistan stood at the other extreme with just 0.91 and 0.96
ATMs per 100,000 adults. The South Asian nations of Bangladesh, Pakistan and
Nepal too ranked low figures of 6.79, 8.79 and 8.96 respectively sources from
World Bank.

Now a day the
profitability of banks is under tremendous pressure because of continuous
shrinking of spread. It becomes important for banks to reduce the cost per
transaction for increasing spread that, in turn, will increase the
profitability of banks. Use of technology in banks reduces cost. Banks have
realized that cost of transaction drastically declines from brick and mortar
structure of the branch to online delivery channels like ATM, POS Terminal,
Mobile Phone, Internet, etc.

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