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This article was first published 11 years ago

Does India have the most ATMs in the developing world? Find out...

Last updated on: October 01, 2013 17:18 IST

Image: A man counts money after withdrawing it from an ATM in Jammu.
Photographs: Amit Gupta/Reuters

Since 2004 the number of ATMs per 100,000 adults has more than doubled, to around 22 (compared with more than 70 in rich countries), according to The Economist.

Let's take a look at how many ATMs countries in emerging markets have and how many people use mobile phone to receive money.

SourceThe Economist

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Tags: India

Does India have the most ATMs in the developing world?

Image: A view of Moscow, Russia.
Photographs: Denis Sinyakov/Reuters

Russia

ATMs per 100,000 adults: 178

Percentage of adult who use mobile phone to receive money: 2 per cent

Overall rank: 1

Russia, which has one of the biggest reserves of oil and gas in the world, has more than 170 ATMs per 100,000 adults.

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Tags: Russia , India

Does India have the most ATMs in the developing world?

Image: Tourists take pictures with the Rodrigo de Freitas Lagoon in the background in Rio de Janeiro, Brazil.
Photographs: Ricardo Moraes/Reuters

Brazil

ATMs per 100,000 adults: 122

Percentage of adult who use mobile phone to receive money: 1 per cent

Overall rank: 2

Brazil, one of the fastest growing economies in the world, is ranked second in number of ATMs.

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Tags: Brazil , India

Does India have the most ATMs in the developing world?

Image: A view of financial district in Istanbul, Turkey.
Photographs: Murad Sezer/Reuters

Turkey

ATMs per 100,000 adults: 60

Percentage of adult who use mobile phone to receive money: 2 per cent

Overall rank: 3

Turkey, one of the fastest growing economies in the world, has 60 ATMs per 100,000 adults.

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Tags: Turkey , India

Does India have the most ATMs in the developing world?

Image: A shopper walks past a Foschini store at a shopping centre in Lenasia, south of Johannesburg, South Africa.
Photographs: Siphiwe Sibeko/Reuters

South Africa

ATMs per 100,000 adults: 57

Percentage of adult who use mobile phone to receive money: 9 per cent

Overall rank: 4

South Africa, which has one of the highest reserves of minerals, reports 9 per cent adults using mobile phone to receive money.

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Does India have the most ATMs in the developing world?

Image: An aerial view shows vehicles travelling on intersections at night in downtown Shanghai, China.
Photographs: Aly Song/Reuters

China

ATMs per 100,000 adults: 32

Percentage of adult who use mobile phone to receive money: 1 per cent

Overall rank: 5

China, the fastest growing economy in the world, does not have that many ATMs.

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Tags: China , India

Does India have the most ATMs in the developing world?

Image: An aerial view of Indonesia's capital city of Jakarta, Indonesia.
Photographs: Supri/Reuters

Indonesia

ATMs per 100,000 adults: 30

Percentage of adult who use mobile phone to receive money: 1 per cent

Overall rank: 6

Indonesia, one of the fastest growing economies in Asia, has 30 ATMs per 100,000 adults.

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Does India have the most ATMs in the developing world?

Image: Tourists ride on a 'Kalesa', a horse drawn carriage, in Manila, the Philippines.
Photographs: Erik de Castro/Reuters

The Philippines

ATMs per 100,000 adults: 23

Percentage of adult who use mobile phone to receive money: 13 per cent

Overall rank: 7

The Philippines, whose economy depends a lot on remittances, sees 13 per cent adults using mobile phone to receive money.

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Does India have the most ATMs in the developing world?

Image: An aerial view shows the central business district in Nigeria's commercial capital of Lagos.
Photographs: Akintunde Akinleye/Reuters

Nigeria

ATMs per 100,000 adults: 20

Percentage of adult who use mobile phone to receive money: 11 per cent

Overall rank: 8

Nigeria, which has the biggest oil reserve in Africa, reports 11 per cent adults using mobile phone to receive money.

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Does India have the most ATMs in the developing world?

Image: Tourists carry earthen pitchers on their heads as they participate in 'Matka Race' at Ladera village near Bikaner in Rajasthan.
Photographs: Stringer/Reuters

India

ATMs per 100,000 adults: 20

Percentage of adult who use mobile phone to receive money: 2 per cent

Overall rank: 9

India, one of the fastest growing economies in the world, has 20 ATMs per 100,000 adults.

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Tags: India

Does India have the most ATMs in the developing world?

Image: A view of the Nile River flowing through the Egyptian capital Cairo.
Photographs: Aladin Abdel Naby/Reuters

Egypt

ATMs per 100,000 adults: 19

Percentage of adult who use mobile phone to receive money: Less than 1 per cent

Overall rank: 10

Egypt, one of the biggest economies in Africa, is growing through political turmoil.

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Does India have the most ATMs in the developing world?

Image: A motorcyclist rides past the Kenyan Parliament House clock tower in the capital Nairobi.
Photographs: Thomas Mukoya/Reuters

Kenya

ATMs per 100,000 adults: 19

Percentage of adult who use mobile phone to receive money: 67 per cent

Overall rank: 11

Kenya, which has a GDP of $41.84 billion, sees 67 per cent adults using mobile phone to receive money, the highest figure in the developing world.

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Tags: Kenya , GDP , India

Does India have the most ATMs in the developing world?

Image: Children play outside thatched roof huts in Domboshawa, around 80km east of Harare, Zimbabwe.
Photographs: Darrin Zammit Lupi/Reuters

Zimbabwe

ATMs per 100,000 adults: 10

Percentage of adult who use mobile phone to receive money: 2 per cent

Overall rank: 12

Zimbabwe, which has a GDP of $5.91 billion, is growing through tough economic times due to sanctions.

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Does India have the most ATMs in the developing world?

Image: A view of the lobby of Munyonyo Commonwealth Resort in Munyonyo, Uganda.
Photographs: Stephen Morrison/Pool/Reuters

Uganda

ATMs per 100,000 adults: 10

Percentage of adult who use mobile phone to receive money: 25 per cent

Overall rank: 13

Uganda, which has large quantities of natural resources, reports 25 per cent adults using mobile phone to receive money, the second-highest figure in the developing world.

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Tags: Uganda , India

Does India have the most ATMs in the developing world?

Image: Visitors enter the ancient city of Babylon near Hilla, 100km south of Baghdad, Iraq.
Photographs: Saad Shalash/Reuters

Iraq

ATMs per 100,000 adults: 5

Percentage of adult who use mobile phone to receive money: 7 per cent

Overall rank: 14

Iraq, which has gone through wars and civil unrest, has 5 ATMs per 100,000 adults.

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Tags: Iraq , India

Does India have the most ATMs in the developing world?

Image: An aerial view shows Lumley Beach in the Sierra Leonean capital Freetown.
Photographs: Simon Akam/Reuters

Sierra Leone

ATMs per 100,000 adults: 2

Percentage of adult who use mobile phone to receive money: 2 per cent

Overall rank: 15

Sierra Leone, which has a GDP of $8.41 billion, has gone through brutal civil war and political unrest.