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Does India have the most ATMs in the developing world?

Last updated on: October 01, 2013 17:18 IST
A man counts money after withdrawing it from an ATM in Jammu.

Since 2004 the number of ATMs per 100,000 adults has more than doubled, to around 22 (compared with more than 70 in rich countries), according to The Economist.

Let's take a look at how many ATMs countries in emerging markets have and how many people use mobile phone to receive money.

SourceThe Economist

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Does India have the most ATMs in the developing world?

Last updated on: October 01, 2013 17:18 IST
A view of Moscow, Russia.

Russia

ATMs per 100,000 adults: 178

Percentage of adult who use mobile phone to receive money: 2 per cent

Overall rank: 1

Russia, which has one of the biggest reserves of oil and gas in the world, has more than 170 ATMs per 100,000 adults.

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Does India have the most ATMs in the developing world?

Last updated on: October 01, 2013 17:18 IST
Tourists take pictures with the Rodrigo de Freitas Lagoon in the background in Rio de Janeiro, Brazil.

Brazil

ATMs per 100,000 adults: 122

Percentage of adult who use mobile phone to receive money: 1 per cent

Overall rank: 2

Brazil, one of the fastest growing economies in the world, is ranked second in number of ATMs.

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Does India have the most ATMs in the developing world?

Last updated on: October 01, 2013 17:18 IST
A view of financial district in Istanbul, Turkey.

Turkey

ATMs per 100,000 adults: 60

Percentage of adult who use mobile phone to receive money: 2 per cent

Overall rank: 3

Turkey, one of the fastest growing economies in the world, has 60 ATMs per 100,000 adults.

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Does India have the most ATMs in the developing world?

Last updated on: October 01, 2013 17:18 IST
A shopper walks past a Foschini store at a shopping centre in Lenasia, south of Johannesburg, South Africa.

South Africa

ATMs per 100,000 adults: 57

Percentage of adult who use mobile phone to receive money: 9 per cent

Overall rank: 4

South Africa, which has one of the highest reserves of minerals, reports 9 per cent adults using mobile phone to receive money.

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Does India have the most ATMs in the developing world?

Last updated on: October 01, 2013 17:18 IST
An aerial view shows vehicles travelling on intersections at night in downtown Shanghai, China.

China

ATMs per 100,000 adults: 32

Percentage of adult who use mobile phone to receive money: 1 per cent

Overall rank: 5

China, the fastest growing economy in the world, does not have that many ATMs.

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Does India have the most ATMs in the developing world?

Last updated on: October 01, 2013 17:18 IST
An aerial view of Indonesia's capital city of Jakarta, Indonesia.

Indonesia

ATMs per 100,000 adults: 30

Percentage of adult who use mobile phone to receive money: 1 per cent

Overall rank: 6

Indonesia, one of the fastest growing economies in Asia, has 30 ATMs per 100,000 adults.

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Does India have the most ATMs in the developing world?

Last updated on: October 01, 2013 17:18 IST
Tourists ride on a 'Kalesa', a horse drawn carriage, in Manila, the Philippines.

The Philippines

ATMs per 100,000 adults: 23

Percentage of adult who use mobile phone to receive money: 13 per cent

Overall rank: 7

The Philippines, whose economy depends a lot on remittances, sees 13 per cent adults using mobile phone to receive money.

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Does India have the most ATMs in the developing world?

Last updated on: October 01, 2013 17:18 IST
An aerial view shows the central business district in Nigeria's commercial capital of Lagos.

Nigeria

ATMs per 100,000 adults: 20

Percentage of adult who use mobile phone to receive money: 11 per cent

Overall rank: 8

Nigeria, which has the biggest oil reserve in Africa, reports 11 per cent adults using mobile phone to receive money.

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Does India have the most ATMs in the developing world?

Last updated on: October 01, 2013 17:18 IST
Tourists carry earthen pitchers on their heads as they participate in 'Matka Race' at Ladera village near Bikaner in Rajasthan.

India

ATMs per 100,000 adults: 20

Percentage of adult who use mobile phone to receive money: 2 per cent

Overall rank: 9

India, one of the fastest growing economies in the world, has 20 ATMs per 100,000 adults.

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Does India have the most ATMs in the developing world?

Last updated on: October 01, 2013 17:18 IST
A view of the Nile River flowing through the Egyptian capital Cairo.

Egypt

ATMs per 100,000 adults: 19

Percentage of adult who use mobile phone to receive money: Less than 1 per cent

Overall rank: 10

Egypt, one of the biggest economies in Africa, is growing through political turmoil.

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Does India have the most ATMs in the developing world?

Last updated on: October 01, 2013 17:18 IST
A motorcyclist rides past the Kenyan Parliament House clock tower in the capital Nairobi.

Kenya

ATMs per 100,000 adults: 19

Percentage of adult who use mobile phone to receive money: 67 per cent

Overall rank: 11

Kenya, which has a GDP of $41.84 billion, sees 67 per cent adults using mobile phone to receive money, the highest figure in the developing world.

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Does India have the most ATMs in the developing world?

Last updated on: October 01, 2013 17:18 IST
Children play outside thatched roof huts in Domboshawa, around 80km east of Harare, Zimbabwe.

Zimbabwe

ATMs per 100,000 adults: 10

Percentage of adult who use mobile phone to receive money: 2 per cent

Overall rank: 12

Zimbabwe, which has a GDP of $5.91 billion, is growing through tough economic times due to sanctions.

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Does India have the most ATMs in the developing world?

Last updated on: October 01, 2013 17:18 IST
A view of the lobby of Munyonyo Commonwealth Resort in Munyonyo, Uganda.

Uganda

ATMs per 100,000 adults: 10

Percentage of adult who use mobile phone to receive money: 25 per cent

Overall rank: 13

Uganda, which has large quantities of natural resources, reports 25 per cent adults using mobile phone to receive money, the second-highest figure in the developing world.

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Does India have the most ATMs in the developing world?

Last updated on: October 01, 2013 17:18 IST
Visitors enter the ancient city of Babylon near Hilla, 100km south of Baghdad, Iraq.

Iraq

ATMs per 100,000 adults: 5

Percentage of adult who use mobile phone to receive money: 7 per cent

Overall rank: 14

Iraq, which has gone through wars and civil unrest, has 5 ATMs per 100,000 adults.

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Does India have the most ATMs in the developing world?

Last updated on: October 01, 2013 17:18 IST
An aerial view shows Lumley Beach in the Sierra Leonean capital Freetown.

Sierra Leone

ATMs per 100,000 adults: 2

Percentage of adult who use mobile phone to receive money: 2 per cent

Overall rank: 15

Sierra Leone, which has a GDP of $8.41 billion, has gone through brutal civil war and political unrest.