Bangladesh owns lowest ATMs among six South Asian nations

[bluesky]

Bangladesh owns lowest ATMs among six South Asian nations

The number of ATM booths in Bangladesh is the lowest among six South Asian countries, excepting Afghan-istan, according to a survey conducted by the IMF. An automated teller machine (ATM) is an electronic device that enables a customer of any financial institution to withdraw cash, deposit, transf

thefinancialexpress.com.bd

Bangladesh owns lowest ATMs among six South Asian nations
FE REPORT | Published: December 19, 2021 09:36:24 | Updated: December 19, 2021 11:51:13

The number of ATM booths in Bangladesh is the lowest among six South Asian countries, excepting Afghan-istan, according to a survey conducted by the IMF.

An automated teller machine (ATM) is an electronic device that enables a customer of any financial institution to withdraw cash, deposit, transfer funds, check balance or account information.
An ATM cardholder can do so at any time and without any direct interaction with a bank staffer.

The biggest number of such device means that there is adequate access to finances by people.
The IMF survey styled 'Financial Access Survey November 2020 shows the number of ATMs per 100,000 adults in Bangladesh is just below 10 (9.39).

Bhutan has the highest number of ATMs in South Asia with more than 48 such transaction machines followed by Nepal having 16.46 booths. By the same token, the neighbouring India has nearly 21 ATM booths and Pakistan 11 per 100,000 adult people.

The unstable and war-torn Afghanistan has just 1.64 such electronic device per 100,000 adults.
According to the survey, the number of commercial bank branches per 100,000 adults in Bangladesh also remains worst in South Asia.

The number of branches for the same is just nine here.

Bangladesh is ahead of Afghanistan, which is one of the world's poorest counties, where nearly two such bank branches of commercial banks per 100,000 adults. Again, Bhutan has the highest 19 branches per 100,000 adults. It is followed by Nepal 17.79, India 14.58 and Pakistan 10.41.
When contacted, a Bangladesh Bank senior official, who works at payment systems department, says the data used in the IMF survey is not updated.

The data is probably for 2019, he tells the FE.

During the coronavirus pandemic, according to the central banker, the expansion of banks and booths remained poor for lockdowns and other economic crises.

jasimharoon@yahoo.com

 

[Black Tornado]

Isn’t BD the richest in the Indian Subcontinent according to BBS?

 

[bluesky]

Isn’t BD the richest in the Indian Subcontinent according to BBS?

You are rebuking here all those BAL chamcha and the BBS for misinformation about the country's economic muscle. I think only the BAL cronies here can remove your doubts about our miracle.

 

[TechMan]

Divide that number by 2 to get real figure. So let's say in case of Pakistan it is 5.5 per 100,000 and not 11 because half of the ATMs don't work because they are out of cash or some other issue.

 

[Paul2]

Bangladesh owns lowest ATMs among six South Asian nations

The number of ATM booths in Bangladesh is the lowest among six South Asian countries, excepting Afghan-istan, according to a survey conducted by the IMF. An automated teller machine (ATM) is an electronic device that enables a customer of any financial institution to withdraw cash, deposit, transf

thefinancialexpress.com.bd

Bangladesh owns lowest ATMs among six South Asian nations
FE REPORT | Published: December 19, 2021 09:36:24 | Updated: December 19, 2021 11:51:13

The number of ATM booths in Bangladesh is the lowest among six South Asian countries, excepting Afghan-istan, according to a survey conducted by the IMF.

An automated teller machine (ATM) is an electronic device that enables a customer of any financial institution to withdraw cash, deposit, transfer funds, check balance or account information.
An ATM cardholder can do so at any time and without any direct interaction with a bank staffer.

The biggest number of such device means that there is adequate access to finances by people.
The IMF survey styled 'Financial Access Survey November 2020 shows the number of ATMs per 100,000 adults in Bangladesh is just below 10 (9.39).

Bhutan has the highest number of ATMs in South Asia with more than 48 such transaction machines followed by Nepal having 16.46 booths. By the same token, the neighbouring India has nearly 21 ATM booths and Pakistan 11 per 100,000 adult people.

The unstable and war-torn Afghanistan has just 1.64 such electronic device per 100,000 adults.
According to the survey, the number of commercial bank branches per 100,000 adults in Bangladesh also remains worst in South Asia.

The number of branches for the same is just nine here.

Bangladesh is ahead of Afghanistan, which is one of the world's poorest counties, where nearly two such bank branches of commercial banks per 100,000 adults. Again, Bhutan has the highest 19 branches per 100,000 adults. It is followed by Nepal 17.79, India 14.58 and Pakistan 10.41.
When contacted, a Bangladesh Bank senior official, who works at payment systems department, says the data used in the IMF survey is not updated.

The data is probably for 2019, he tells the FE.

During the coronavirus pandemic, according to the central banker, the expansion of banks and booths remained poor for lockdowns and other economic crises.

jasimharoon@yahoo.com

In 2017, I wasn't able to find a single one in Dhaka. It was wise decision to come to country with a stack of USDs.

 

[MisterSyed]

Divide that number by 2 to get real figure. So let's say in case of Pakistan it is 5.5 per 100,000 and not 11 because half of the ATMs don't work because they are out of cash or some other issue.

Yea lmao so accurate my g you really outdid everyone out here.

 

[Imran Khan]

dont worry next audit bd will show 1005 ATMs per 1000 adults . they learn how to play data

 

[VikingRaider]

dont worry next audit bd will show 1005 ATMs per 1000 adults . they learn how to play data

Don't blame them sir. Most of Bengalis aren't adaptive and too lazy to embrace new technology. They love to use old stuff because of less hazards; perhaps also believe in old is gold theory!

However did any Mullah issue fatwa in Pakistan against paper notes? Just curious!

 

[itsanufy]

In 2017, I wasn't able to find a single one in Dhaka. It was wise decision to come to country with a stack of USDs.

Not totally correct, you can find them in upscale areas. But too few in numbers.

Pain point most of them are not in working condition most of the time.

 

[Destranator]

In 2017, I wasn't able to find a single one in Dhaka. It was wise decision to come to country with a stack of USDs.

You sure you were in Dhaka and not in Bandarban?

 

[xyxmt]

Paisa sara reserves me rakha hay to ATM ki kya zaroorat hay

 

[Destranator]

Paisa sara reserves me rakha hay to ATM ki kya zaroorat hay

Yet another South Asian with no clue how reserves work...

 

[Paul2]

You sure you were in Dhaka and not Bandarban?

Old Dhaka, and Narayanganj. I've seen few of them at banks, but none were on, had hash, or serviced foreign cards.

 

[HalfMoon]

Isn’t BD the richest in the Indian Subcontinent according to BBS?

How are number of ATMs related to the economy of the country?

Less ATMs means more savings. That's why Bangladeshis are rich while Indians are poor.

 

[Sugarcane]

ATMs are going to obsolete, South Asian countries should focus on digitization instead of another d!ck measuring contest