🤯 Verified Fact · Money
Wacky WorldMoney
India’s first automated teller machine (ATM) was installed in 1987 by HSBC (Hongkong and Shanghai Banking Corporation) in Andheri East, Mumbai. In the decades since, India’s retail banking landscape rapidly modernized, expanding to over 250,000 physical ATMs alongside digital innovations like UPI (Unified Payments Interface), which now processes billions of instant inter-bank transactions every month.