Digital 101: Going cashless at PoS

ATM TRANSACTIONS

■ Monthly ATM withdrawals, both in terms of volume and value, are back to pre-demonetisation levels since July 2017 and have remained around these levels since then

■ The number of ATM withdrawals for February 2018 was 719 million, of the total value amounting to ~2,478 billion

NUMBER OF ATM TERMINALS

■ A total of 1,700 ATMs have been added since pre-demonetisation period. The number of ATMs in February 2018 stood at 0.22 million, 385 units more than those in February 2017

■ The number of ATMs in the country peaked in July 2017 and has been in decline ever since

POINT-OF-SALE (PoS) TERMINALS

■ The number of PoS terminals have doubled from 1.5 million in October 2016 to over 3 million in February 2018

■ PoS additions during February 2018 did not match even 10% of the additions from December 2017 to March 2017

STAGNANT PoS TRANSACTIONS

■ While the number of PoS terminals has gone up, PoS monthly transaction, both in volume and value, is roughly the same as the pre-demonetisation level

■ Barring the spike in December 2016 due to demonetisation, PoS transactions have remained stagnant in the 14 months since then