We saw this with the Automated Teller Machine (ATM). Years after widespread ATM availability, banks had more tellers than ever. More people started using financial services. I think mobile bank apps turned that tide back, but that could still also go either way, in the long run.
And even so, there’s also still a huge “un-banked” population who simply cash their paycheck and never use another financial service.
We saw this with the Automated Teller Machine (ATM). Years after widespread ATM availability, banks had more tellers than ever. More people started using financial services. I think mobile bank apps turned that tide back, but that could still also go either way, in the long run.
And even so, there’s also still a huge “un-banked” population who simply cash their paycheck and never use another financial service.