Global Number of ATM Cash Withdrawals by Country

In 2023, the highest number of ATM cash withdrawals were recorded in India at 11.85 billion units, followed by Indonesia (4.43 billion), and Brazil (3.94 billion). Most countries experienced modest year-on-year growth, with India leading at 3.73%, Indonesia at 2.79%, and Brazil at 2.92%. Meanwhile, notable declines were observed in Sweden (-16.44%) and the Netherlands (-5.35%). France and Australia also saw reductions in ATM withdrawals, indicating a shift towards digital payments. The average annual growth rate over the last five years highlighted India and Saudi Arabia as major growth markets, whereas European countries generally showed stagnation or decline.

Future trends to watch include ongoing digitalization efforts, with further adoption of contactless and mobile payments likely to reduce ATM usage in digital-forward nations. However, emerging markets such as India and Indonesia, where digital infrastructure is still developing, may see continued reliance on cash and, thus, ATM usage.