ATM Cash Withdrawals Drop In South Africa

By  |  August 9, 2013
 | 

According to ATM Marketplace, ATM withdrawals in South Africa dropped in July. The Spark Cash Index “measures the average monthly value of cash withdrawals at more than 2,000 Spark ATMs in South Africa,” and found that month-on-month withdrawals have decreased 2.79 percent.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    “The decrease in July’s month-to-month data once again highlights how consumer spending normalizes after each holiday period, when withdrawal values tend to peak,” stated Ryan Tzamtzis, operations manager at Spark ATM Systems.

    Read the full story here.


    Recommended

    Payments Orchestration Becomes a Profit Center

    Priority cash flow

    Why Game-Day Revenue Doesn’t Mean Same-Day Cash

    robotics labor economy

    Labor Economy Workers Less Worried Than Office Workers About Robots Taking Their Jobs

    b2b, accounts receivable

    Profit is Waiting on Table for Firms That Embrace Receivables Innovation

    See More In: