Banks slash ATMs to seven-year low

A bank customer uses an automated teller machine. ATMs were introduced in Kenya during the 1990s to decongest the banking halls. FILE PHOTO | NMG

Banks have cut automated teller machine (ATM) numbers in Kenya to a seven-year low as customers increasingly turn to agency, internet and mobile banking.

Central Bank of Kenya (CBK) data shows the banking sector has closed 54 ATMs in the last 12 months, leaving it with 2,409 units at the end of October. Some 26 were closed in the last six months.

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