Cash Counter - Research And Analysis (impact Of Digitization In The BFSI Sector In Developed Economies And Business Growth With 5% CAGR 2016-20)

According to the market research and analysts of global "cash counter" is anticipated to witness steady growth and will post a moderate CAGR of close to 5% during the forecast period. With the increasing number of bank branches in emerging countries, the market for cash counters is expected to have a positive outlook over the coming years. Retail banking channels like the brick-and-mortar branches have faced the impact of digitization in the BFSI sector in developed economies, but the scenario is strikingly different in emerging economies. Banks in emerging countries like India and China are opening new branches to target the population that does not have access to banks. This is expected to increase the demand for cash counters in the APAC region over the next four years.

One of the latest trends spurring this market’s growth prospects is the increasing use of advanced technology in cash counters. Recent technological advancements have simplified the process of handling money, which has made cash counters indispensable to most banks, hotels, retail shops, and casinos. Also, the new and improved cash counters can inform the users of any problems related to its operation. Moreover, manufacturers are increasingly focussing on developing cash counters with innovative technologies, which will boost this market’s growth in the years to come.

More detail Analysis report - https://goo.gl/abxhMm

Cash counters are widely used by the BFSI sector to count the cash deposited in the bank by account holders or for making any kind of transactions. The machines are primarily used in places where huge money transactions are involved daily. ATM machines also have inbuilt cash counter systems to determine the amount of money or currency being deposited by customers.

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This release was published on openPR.