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ATMs idle as shoppers shift to cashless

AAP
AAP Source: AAP

Analysis of Reserve Bank of Australia data by CommSec shows ATM withdrawals are fast declining with a 6.4 per cent fall in March compared with a year ago.


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By Justin Park

Source: SBS



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Analysis of Reserve Bank of Australia data by CommSec shows ATM withdrawals are fast declining with a 6.4 per cent fall in March compared with a year ago.


ATMs may be on borrowed time as data shows consumers are increasingly embracing technology for transactions and moving towards a cashless society.

Analysis of Reserve Bank data by CommSec shows ATM withdrawals are fast declining with a 6.4 per cent fall in March compared to a year ago. In 2015, ATM withdrawals dropped by a record 7.2 per cent.

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