The number of ATMs per 100,000 persons in Switzerland has seen a general declining trend from 2013 to 2023, with a compound annual growth rate (CAGR) of -2.18% in the last five years. From 2020 to 2023, the downward trend continued with year-on-year decreases of -3.28%, -2.46%, -1.68%, and -1.39% respectively. In 2023, the value stood at 88.86 per 100,000 persons. Forecasts indicate a further decline to 85.38 by 2028, with a forecasted 5-year CAGR of -0.57% and a forecasted overall growth rate of -2.8%.
Notable future trends to watch include the increasing adoption of digital banking and fintech solutions, which are likely to continue reducing the dependence on physical ATMs. Additionally, shifts in consumer behavior towards contactless and mobile payment methods may further influence the downward trend in ATM usage.
