I dont understand, sorry. Can you help me understand you thought process?
From what you sent
Australia
105B AUD$ withdrawn FY23 (RBA)
360M transactions FY23 (RBA)
Equates to A$292 per transaction
India
32.9T rup = 600B AUD withdrawn in FY23 (
https://www.statista.com/statistics/1247242/india-number-of-atm-transactions/)
6B transactions FY23 (
https://www.statista.com/statistics/1247242/india-number-of-atm-transactions/)
Equates to A$100 per transaction
Seems like Australians take out about 3x as much money as people from India do but how do you arrive at the fact Indian ATM use would need to triple to match Australian current usage considering banks are forcing us to become a cashless society?
Isnt it the other way around? Australia would need to approx 6x fold to match India for total monies withdrawn per financial year? And it seems like the gap will only continue to grow based on the stats website where its projected that atm transactions in india will reach 41T rupees and considering Australia's money withdrawn from ATM on average is reducing by about 3-3.5% yoy, or over the last 8 years atm withdrawn $ amount is 26% lower now than it was back in FY16.
(20min delay)