The convenience of credit cards and slimming consumer wallets may suggest that hard cash is slipping away as a preferred method of payment. But appearances can be misleading.
At least that’s what Ron Delnevo, executive director of the ATM Industry Association (ATMIA) in Europe, suggests. A true indicator of the global demand and usage of cash, Delnevo said in a recent interview with PYMNTS, is the rising number of ATMs. “There are more ATMs than ever before. There’s 3 million-plus now installed, so that’s a positive,” he said.