ATM Withdrawals flatlining - 2nd order effects?

https://twitter.com/dineshpaii/status/1656149880992333825

@mohitmehra and I were discussing this yesterday. A lot of businesses facilitating MicroATMs etc might be impacted gradually as UPI penetrates further. :slight_smile:

Do share your thoughts on this.

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https://twitter.com/dineshpaii/status/1656159305031200768?s=20

if you see the following tweet seems like it has been the same historically also. personally for me didn’t reduce anything due to UPI… its just the amount reduced by a lot. but the frequency I would say remained the same.

Possibly because the average withdrawal amount might have increased drastically as currency circulation has doubled in the last few years.

Was going through this report -

Reference - https://sbi.co.in/documents/13958/36530824/24052023Ecowrap_20230523.pdf/307e5ac0-4254-e18f-2ad1-4f50a2d82088?t=1684906580032

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