The number of ATM cash withdrawals in Brazil has shown variable trends over the past decade, with notable fluctuations year-on-year. In 2023, the volume stood at 3.94 billion units. The growth observed from 2013 to 2023 had its peaks and troughs, such as a notable increase in 2017 by 28.73%, and a sharp decline in 2020 by 15.82%. Looking at the period from 2018 to 2023, the CAGR was 2.92%, indicating a moderate annual growth.
However, moving forward, the forecasted data indicates more stable growth in the ATM cash withdrawals from 2024 to 2028, with a forecasted CAGR of 0.99% and an overall growth rate of 5.07% for five years.
Future trends to watch for:
- The potential impact of digital payment methods on the number of ATM cash withdrawals.
- The role of economic stability and consumer behavior in cash usage.
- Technological advancements in the banking sector and their influence on ATM utilization.
