One fifth of Glasgow's high street cash machines have been lost during the covid pandemic.
The new report by UK merchant payment provider, Dojo has revealed that between January 2019 and September 2020 the number of cash machines in Glasgow dropped by 64 - a 19.05% decline.
Glasgow has seen the sixth highest rate of decline in the UK, with Edinburgh second behind York.
The number of free to use machines is dropping at a faster rate than those which charge a usage fee. The study found that these particular cash machines are often the ones to first disappear ahead of those that charge a fee to use, meaning more members of the public are left with less choice of where to go to take out their money.
Jon Knott, Head of Customer Insight at Dojo said: “During the course of the coronavirus pandemic, the makeup of the great British high street has changed enormously.
"While it’s long been evolving in the face of the rising of the digital marketplace, coronavirus has reaffirmed the dominance of financial technologies.
"As we’ve seen already in the press, the contactless limit could increase once again from £45 to £100, allowing people more convenience to tap for their in-store purchases. With more and more people opting for Apple and Google Pay which has no capped limit for contactless payments, consumers are welcoming the efficiency and speed at which they can purchase larger value products and services.
"It is no surprise then, in our digitised economy, that the use of cash is decreasing, making ATMs redundant.“
