Country-wise Analysis of ATM and POS Terminals Installed

ATM (Automated Teller Machine) and POS (Point of Sale) terminals are essential parts of our daily routine. These machines allow us to withdraw money, transfer funds, and make online and offline purchases with ease. But does the number of these machines vary from country to country? In this blog post, we’ll analyze the number of ATM and POS terminals installed in different countries.

United States

The United States has the highest number of both ATM and POS terminals installed. According to statistics, there are approximately 485,000 ATMs and 9.6 million POS terminals in the USA. This large number is mainly due to the wide usage of credit and debit cards in the country.

China

China has the second-highest number of ATM and POS terminals installed. The country has approximately 1.1 million ATMs and 7.6 million POS terminals. The increasing middle-class population and the government’s plan to promote cashless payments have contributed to the growth of these machines.

Japan

Japan has the third-highest number of ATM and POS terminals installed. The country has approximately 128,000 ATMs and 14.7 million POS terminals. Interestingly, Japan has the highest density of ATMs in the world. It is estimated that there is one ATM for every 1,800 people in the country.

United Kingdom

The United Kingdom has approximately 68,000 ATMs and 1.6 million POS terminals installed. Similar to the USA, the widespread usage of debit and credit cards is the main reason for the high number of these machines in the country.

India

India has approximately 240,000 ATMs and 4.7 million POS terminals installed. The government’s demonetization move in 2016 has led to a surge in the usage of POS terminals in the country. The digital payment market is expected to grow at a compound annual rate of 20.2% from 2020 to 2025 in India.

Australia

Australia has approximately 28,000 ATMs and 900,000 POS terminals installed. The country has a high usage of debit and credit cards, which contributes to the high number of POS terminals. The number of ATMs in the country has been declining due to the preference for cashless payments.

Conclusion

As we can see from the above analysis, the number of ATM and POS terminals installed varies significantly from country to country. The USA, China, and Japan have the highest number of these machines installed, whereas other countries have fewer machines due to the lesser usage of debit and credit cards. However, with the increasing adoption of cashless payments, we can expect a surge in the number of ATM and POS terminals globally.