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Pakistan has only 11 Automated Teller Machines (ATMs) per 100,000 people

Ahsan Zafeer Written by Ahsan Zafeer ·  32 sec read >

According to the World Bank statistics, Pakistan has only 11 Automated Teller Machines (ATMs) per 100,000 people. Pakistan has performed poorly on the list of countries on the global ATM index for 2020, with the 11th position on a list that included South Korea (267), Israel (133), China (96), UAE (61), India (21), Bangladesh (9), and Afghanistan (2).

For a country whose population exceeds 200 million, out of whom 60% are young people, such a low number of ATMs should comprise a red flag for the authorities. As the gig economy continues to grow and banks continue to operate in a limited capacity due to the COVID-19 pandemic, more ATMs are needed to better cater to the consumers’ needs.

Some of the lowest ATM-to-population scores in the world could indicate an economy that is strapped for cash and banks that are struggling from cashflow issues.

Read More: Banks in Pakistan introduce ATM receipt fees.

 

Source: World Bank

Written by Ahsan Zafeer
A digital marketing professional specializing in content-based functional areas - Ahsan Zafeer is driven by a never-ending passion for developing, nurturing, and strategizing key content aspects. He writes extensively on tech, digital marketing, SEO, cybersecurity, and emerging technologies. He also serves as a digital marketing strategist and freelance consultant for globally oriented organizations. He tweets @AhsanZafeer Profile