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.
Source: The Economist
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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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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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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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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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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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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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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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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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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.
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