ATM used to withdraw cash. Source: Shutterstock

The number of ATMs in the world fell by 1% in 2018, largely due to branch closures and rising use of mobile payments, according to new data from banking research and consulting firm RBR. The London, England-based firm predicted that the number of ATMs around the world will fall to 3.22 million in 2024 from 3.24 million in 2018.

ATM counts fell in four of the world’s five largest ATM markets in 2018: China, the United States, Japan and Brazil. In the fifth market, India, ATM counts grew but at a slower pace, the firm said. For these top five markets, RBR said it expected combined ATM counts to fall from 1.72 million in 2018 to 1.62 million in 2024.

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