In the mid-1980s, the Bank of China began to introduce ATMs in order to enhance the modern image of banks. Since the late 1990s, China has invested a lot of manpower and material resources in the development and production of ATMs. After years of cultivation, the Chinese ATM market has acquired Great progress has been made.
Since 2000, China’s total ATM capacity has grown at a rapid rate of 24.62% CAGR. By the end of 2010, the number of China’s networked ATM machines had reached 271,000, an increase of 26.11% year-on-year. China has already replaced Japan. Become the world's second largest ATM market, ranking behind the United States.
From the perspective of the number of ATMs per million people, as of the end of 2010, China had an average of about 220 ATMs per million people, and the distribution of ATMs was extremely uneven, which was lower than the average number of people in the world with 315 ATMs. Far below the level of more than 1250 ATMs per million people in the United States and Japan and other developed countries and regions, the market has huge room for development.