Forecast: Number of ATM Cash Withdrawals in Argentina

The number of ATM cash withdrawals in Argentina stood at 1260 million units in 2023. Historical data from 2013 to 2023 shows a general upward trend, with the number of withdrawals increasing significantly each year until 2019, followed by a decline in 2020 due to the pandemic. Subsequent years saw a recovery, with a notable spike in 2021. However, the annual growth rate has varied significantly, with a notable average yearly CAGR over the past five years of 2.44%. Forecasting indicates a modest CAGR of 1.94% from 2024 to 2028, highlighting more cautious growth expectations.

Future trends to watch for:

• Impact of digital banking and mobile payment solutions on ATM withdrawals.
• Economic factors influencing cash dependency in Argentina.
• Technological advancements impacting ATM usage and accessibility.