CASH MANAGEMENT | Staff Reporter, Taiwan

Taiwan has the highest ATM density in the world

There is one machine per 826 residents.

Taiwan has the highest Automated Teller Machine (ATM) density globally with one machine per 826 residents, reports Taiwan News citing data from the Financial Supervisory Commission.

Also read: Fed hike to boost interest income of Taiwanese banks

There are a total of 28,451 ATM as of end-April which represents an increase of 1,126 from the previous year as the proliferation of convenience stores also came with a larger number of machines to easily dispense cash.

Residents used the machines 300 million times this year until April for transactions totaling $128b (NT$3.92t).

In a breakdown, CTBC Bank had a total of 5,680 ATMs in circulation which is the highest amongst its peers which may have been brought about by its close alliance with convenience store chain 7-Eleven.

Cathay United Bank came in second with almost 3,800 ATMs, Chunghwa Post snagged third place with 3,206 of the machines, and Taishin International Bank scored fourth place with 3,180 machines. 

Photo from peellden - Own work, CC BY-SA 3.0

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