business cash withdrawals from atms on rise

Cash Withdrawals From Atms On Rise

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A recent report indicates a continued rise in ATM cash withdrawals, with some states experiencing up to 8% growth. The average cash dispensed per ATM has increased significantly between FY17 and FY25. This trend suggests a coexistence of cash and digital payments, driven by factors like remittance inflows and financial inclusion efforts, highlighting cash's enduring relevance.