South African Banks Accelerate Cashless Transition with Strategic ATM Network Reductions
Johannesburg, South Africa – South Africa’s leading financial institutions have initiated a large-scale rationalization of their ATM networks as digital payment adoption reaches record levels, according to operational plans filed with the South African Reserve Bank (SARB). The coordinated three-year reduction strategy will see 4,200 ATMs (38% of the national fleet) decommissioned by 2027, fundamentally reshaping…