The Future of CashLess ATMs in India is Bleak !!!

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           ‘CashLess’,  ATM’s have been in news across India-Bharath for the last few weeks. The first instance of ‘CashLess’, ATMs across India were during the DeMo time. However the same phenomenon has started to come back Indian bank account holders.

          Consider the following news articles, which reflect on the growing number of CashLess ATMs in India.

A)   Customers kick, damage cashless ATMs
B)    Demon deja vu as ATMs go dry across Bengaluru yet again
C)    Cashless ATMs a perennial problem in Nedumkandam...
D)   TDP blames BJP-led govt for cash crisis in banks
E)    No cash in ATMs; villagers left in deep agony
F)    DeMon time in city suburbs as most ATMs go cashless
G)    No ATMs, high transaction rate make Telangana’s cashless villagers dump cards
H to K will be filled in after the continuous bank holidays later this week


7 Benefits of CashLess ATMs in Urban India

Benefit 01) Push folks to Digital Transactions

Benefit 02) Push folks to interact with fellow bank account holders to reduce the pain of a NO CASH sign

Benefit 03) Push folks to think ‘out of the box’

Benefit 04) Push folks to plan their activities with minimum physical cash in their pockets / wallets

Benefit 05) Push folks to take out their anger on ATMs imaginatively

Benefit 06) Push folks to think twice before venturing out

Benefit 07) Push folks to vent their feelings on social media

So, what are you planning to do??

However, it is too early for CashLess ATMs in Rural India. The ball has started rolling but it’s too early days to succeed.

The main pain point in Rural India is the intermittent net connectivity to complete a high number of successful digital transactions.






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