Lucerne University of Applied Sciences and Arts study: ATM deaths continue

A 10 percent drop since the start of the pandemic

How long will the ATMs be?

The number of ATMs in Switzerland has been decreasing since the pandemic. There are various reasons for this. On the one hand, according to experts, there were already too many of them. On the other hand, the demand for cash is constantly decreasing.

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The number of ATMs in Switzerland has been decreasing since the pandemic. (icon image)

Fewer and fewer Swiss people keep cash in their pockets on a regular basis. This development was further reinforced by the pandemic. This is now shown by a study by the Lucerne University of Applied Sciences and Arts. According to this study, the number of ATMs in Switzerland has decreased by 10 percent since the start of the pandemic.

As Blick reported at the end of October, there are banks in Germany that do not use cash at all. However, this goes too far for Swiss financial institutions. They’re sticking with cash, but they’re still liquidating ATMs.

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