News in Brief

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ATMs to Surge in India

Some big changes in the Indian ATM market are planned over the next six months with 17,350 new machines, 75% of which will be capable of cash recycling. Four banks – Bank of India, Union Bank of India, Canara Bank and India Bank – will collectively be responsible for 8,000 of those machines.

The move has been partly caused by the collapse of Indian payments platform AGS, which was declared insolvent in August 2025. AGS was one of the largest ATM service providers in India, supplying over 40,000 machines (see CN March 2025). The collapse saw many older ATMs scrapped or replaced by newer machines from alternative vendors.

The Economic Times of India reports that banks are prioritising vendor stability, technology capability and long-term cost efficiency over sheer scale by deploying smarter machines that can recycle cash, reduce replenishment frequency and improve uptime.

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