LINK, the UK’s ATM network announces that Friday 23 December 2016 was an all-time record day for LINK cash machine withdrawals. £730 million was dispensed by ATMs on 23 December 2016, with an average withdrawal of £87.This is the highest ever amount of money dispensed in a single day by UK cash machines and is a significant increase on last year’s record day for withdrawals, which was the £634 million taken out on 24 December 2015.
Overall, we withdrew over £12bn from LINK ATMs in December 2016, an increase of 3.5% on December 2015 (£11.6bn).
There are now over 70,000 ATMs in the UK, of which almost 54,000 are free-to-use.
John Howells, CEO of the LINK commented: “With this record for ATM withdrawals, it is clear that cash plays a vital part in so many people’s lives, and we fully expect it to do so for many years to come. With over 70,000 cash machines in the UK, LINK is committed to making sure consumers have safe and reliable access to their cash.”
LINK is the UK’s cash machine (ATM) network and the busiest ATM transaction switch in the world. At peak, the LINK switch processes almost 1 million transactions per hour. There are nearly 100 million LINK-enabled cards in circulation. Over 70,000 cash machines are connected to the LINK network – effectively every ATM in the UK.
Source: Link.co.uk
Banking 4.0 – „how was the experience for you”
„So many people are coming here to Bucharest, people that I see and interact on linkedin and now I get the change to meet them in person. It was like being to the Football World Cup but this was the World Cup on linkedin in payments and open banking.”
Many more interesting quotes in the video below:
