Remove ATM Remove ATMIA Remove Economy
article thumbnail

ATM Trade Group Pushes Back On The War On Cash

PYMNTS

The ATM Industry Association (ATMIA) has spoken out against the efforts of the anti-cash lobby. ATMIA recently presented the results of a global research study written by Agis Consulting, which highlights the role cash and ATMs play in financial inclusivity and enfranchisement for some two billion of the world’s unbanked population. “As

ATMIA 48
article thumbnail

What Can The State Of ATMs Reveal About The Condition Of Cash?

PYMNTS

At least that’s what Ron Delnevo, executive director of the ATM Industry Association (ATMIA) in Europe, suggests. A true indicator of the global demand and usage of cash, Delnevo said in a recent interview with PYMNTS, is the rising number of ATMs. There are more ATMs than ever before. The evolution of cash and ATMs.

ATM 41
article thumbnail

Europe Digs Deeper Into Its Pockets – Cash Still There

PYMNTS

For now, while certain countries in the Eurozone are fast moving toward become cash-free economies, the remaining majority of European countries show positive cash growth. While certain countries like Sweden and Ireland are showing negative cash usage growth, the impression of the European economy moving away from cash is far from real.

ATM 51
article thumbnail

NEW REPORT: The Truth About The State Of Cash In Europe

PYMNTS

That said, with the European economy improving, the overall volume of cash usage is continuing to grow at an estimated compound annual growth rate of 27.8 In Europe, Austria has the highest ATM penetration with an average of 156 available per 100,000 people. But does that mean cash will forever continue to be atop the wallet heap?

ATM 45
article thumbnail

Lithuania’s Lasting Love Of Cash

PYMNTS

Ron Delnevo, executive director of the ATM Industry Association (ATMIA) in Europe, agreed. Cash usage in Lithuania can be characterized by the following ratio, according to Karpavičius: “For every euro spent via debit or credit cards at the POS, we have more than €2 being taken out from the ATM.”. What’s To Come For Cash?