The number of ATMs per 100,000 persons in Malta has shown a steady decline from 2013 to 2023, dropping from 58.7 to 43.88 units. The year-on-year variation has continually reflected this downward trend, particularly evident in recent years, confirming a sustained reduction in ATM density. Notably, the CAGR over the past five years up to 2023 stands at -3.51%, indicating an average annual decrease in ATM availability.
Looking forward, the forecasted data from 2024 to 2028 anticipates a continued but slower decline, with the forecasted 5-year CAGR at -0.61%. By 2028, the ATM density is expected to fall to 42.01 units per 100,000 persons, representing a total forecasted decline of around -3.02% from 2024 to 2028.
Future Trends to Watch For:
- Consider the impact of increased mobile and internet banking on ATM usage.
- Observe potential technological advancements in ATM services, such as multi-functional ATMs.
- Track regulatory changes that might influence the financial industry and ATM operations in Malta.
- Analyze consumer behavior trends to understand shifts in cash usage versus electronic payments.
