The new study shows that India has also seen rapid growth over the last decade, and by the end of 2014 it was the fourth largest ATM market worldwide, behind only China, the USA and Japan. By 2020, growth from both banks and IADs is expected to have pushed India’s installed base to roughly the same size as that of the USA, with only China forecast to be larger. There are currently a huge number of rural communities in India without access to electronic banking facilities, but this is slowly changing, and continued growth in the banked population will be a major driver of further ATM deployment.
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