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Auto Teller Machines, popularly known as ATMs, have largely changed the way we carry out our financial transactions. Right from withdrawing cash and checking accounts to paying utility and insurance bills and even undertaking fund transfers, all can be done by the tap of button. So, to make life much easier for people and to do away with long lines in banks, many countries around the globe have embraced digital telephony and personal banking by way of ATMs.
According to a World Bank data, the Asian nation of South Korea stood at the higher end with 278.73 ATMs for 100,000 people in the year 2015. Macao SAR, China, was the second country with the most number of ATMs per 100,000 people. Here, the number stood at 254.13 while in Canada, which occupied the fourth spot, the number was 220.52.
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 people. Meanwhile, its neighbor China had in 2015, 76.37 ATMs per 100,000 people.
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 with figures of 6.79, 8.79 and 8.96 respectively.
(Data sourced from World Bank)