Indian digital payments industry is growing at a higher growth from 2016. The government of India and the Reserve bank of India have taken up a couple of initiatives to push the demand for digital payments, including Demonetization, reducing cash withdrawal limit at ATMs, permitting payment bank operations, and launching government-backed digital payment mobile apps, among others. Business opportunity in Indian ATM operations ATM: There are over 2.2 lakh ATMs in India and above one lakh ATMs are located at on-site, which means they are deployed where the banks are located; and over 95,000 ATMs are off-side and close to 15,000 ATMs are white labelled. ATMs play a significant role when it comes to cash management and settlement. The leading 5 banks in India have about xxx ATMs, which is also represented as xx% in total number of ATMs. According to Confederation of ATM Industry (CATMi), over half of ATMs in India are expected to shut by 2019, in the new compliance guidelines that focus on cash operations.