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Wednesday, 9 May 2018

No More ATMs For Poland?

My dear hearts,

#DidYouKnow that the latest data published by National Bank of Poland shows that the last quarter the number of ATMs is systematically decreasing? Since the end of March 2017, 521 devices have disappeared from the Polish streets. According to NBP data, at the end of December 2017 there were 23230 ATMs in Poland. A quarter later there are 96 ATMs less! Poles are more and more willing to pay through their cards then via cash. In the last quarter of 2017, there were 167.4 million cash withdrawals in ATMs across the country. This is 6.8 million less transactions than in the previous quarter (down 3.9%). The value of the transactions have also decreased.  In the 4th quarter of 2017, cash withdrawals totalled 83.5 billion PLN, 1.8 billion less than in the previous quarter (down 2.2%). The average value of a single cash withdrawal transaction at an ATM was 499 PLN, more than in the previous quarter (490 PLN).
At the end of 2017, one device performed on average 78 withdrawals during the day. Quarterly, the number of transactions was 81. Coming at a rapid pace there are more and more contactless payments as well... Currently, contactless cards represent 79.6% of all payment cards in Poland. According to the NBP, the introduction of contactless cards on the Polish market was carried out very efficiently throughout the banking sector. It enabled the delivery of 31.1 million payment cards with customers with the contactless payment function.
In the 4th quarter of 2017, 708.3 million non-cash transactions were carried out with contactless payment cards. In comparison to the previous quarter (690.3 million), the number of transactions increased by 18 millon (2.6% increase). In Q4 2017, the share of contactless payments in the total number of non-cash payments amounted to 68.3 %! The total value of the transactions carries out was 36.7 billion PLN. Compared to the previous quarter, the value of non-cash contactless transactions increased by 6.2 billion PLN (20.2% increase). The share of contactless transactions in non-cash transactions carries out with payment cards amounted to 51.4% (period previous: 45.9%).

How about you? How often do you use the ATM? How often do you use contactless? I know I do that very often :)

Yours very much truly,
The Twisted Red Ladybug That Buys Contactless