Banks are dumping ATMs in South Africa
Banks are dumping ATMs in South AfricaAbsa, Standard Bank, and FNB have been closing ATMs over the last five years, while Capitec has significantly increased its ATM footprint.Banks in South Africa are closing ATMs due to a combination of factors, including increased digital banking adoption, high operational costs, and security concerns.As more customers transition to online and mobile banking, the demand for physical ATMs has decreased.Maintaining and servicing ATMs in remote or low-traffic areas is becoming less cost-effective for banks.Additionally, […]
