The Hindu Business Line: Asia is set to vigorously expand its ATM estate in coming years, according to new research from Celent LLC. China and India, in particular, are expected to witness phenomenal growth over the next three-five years. At a time when traditional ATM markets, such as the United States, are on the decline and markets in many industrialized nations have reached a level of saturation, overseas markets are rapidly becoming attractive venues of ATM growth. Cash usage in the United States, Canada, Spain, Japan and the United Kingdom continues to decline, as electronic-payment vehicles have become widespread, thus slowing ATM-transaction volumes.
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