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  • Is it time to say RIP to the ATM?
  • Is it time to say RIP to the ATM?
    Sascha Kohlmann, Creative Commons (2016) ©
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What’s the future of the cash point?

How much cash is in your pocket? With the onward march of technology, physical money now seems somewhat redundant. Paying for things with a smartphone or contactless card is simply more convenient nowadays. So with digital transactions becoming the norm, is the ATM doomed?

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How much cash is in your pocket? With the constant evolution in technology, physical money can seem somewhat redundant. And as digital transactions become ever more prevalent, it would appear that the ATM is doomed.

Yet the number of cash machines around the world is actually growing, with the ATM market set to be worth $25 billion by 2022, up from $11 billion in 2014. [1] Even in near-cashless societies like Sweden physical money still accounts for 3% of the economy, while in the cash-point-heavy UK, the number of free-to-use machines rose 5.2% in 2014. ...

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