ATMs Grow by 14% in Guatemala

©image: steve lyon

An article published in La Prensa Libre in Guatemala analyzed the market for ATMs in the country. At present, three companies compete for the market: T&T, with 1,100 ATMs, Banco Industrial with 546 and BAC-Credomatic with 100.

Jorge Montenegro, T&T General Manager, indicated that the number of ATMs in the country is low: "There are currently 8,200 people per ATM while in other countries like the United States there are 750 inhabitants per ATM, and the average in the first world is between 600 and 800."

Source: prensalibre.com

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