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ATM markets across the world expected to grow

May 22, 2006

ePaynews:Global ATM markets will carry a total worth of $2.88 billion by 2010, up from $2.21 billion in 2005, according to research conducted by Frost & Sullivan. The growth is expected as a result of expansion in China, India and Brazil. Though fraud threatens consumer confidence in ATMs, Frost & Sullivan found that new applications, such as mobile-phone recharge and bill-payment services, will help renew consumer confidence in electronic transactions, especially as more ATMs offer advanced functions beyond basic cash-dispense.

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