The number of ATMs in Laos has experienced a consistent growth trend over the past decade. From 2013 to 2023, the data shows an increase from 17.85 to 28.97 units per hundred thousand persons. The year-on-year growth rates have generally been declining, starting from a high of 38.37% in 2013 and decreasing to 1.58% in 2023. The CAGR over the past five years has stabilized at around 2.39%. Projections for the future indicate a modest increase, with the forecasted number of ATMs reaching 30.72 by 2028 and a forecasted 5-year CAGR of 0.89%.

Future trends to watch for:

Focus on digital transformation: The increasing use of mobile banking and online financial services may slow the deployment of new ATMs.
Integration of new technologies: The introduction of advanced features in ATMs, such as biometric authentication and multi-currency options, could influence user adoption and ATM network expansion.
Economic stability and regulatory environment: Economic growth and regulatory changes in Laos could either accelerate or decelerate the rate at which new ATMs are installed.