Major bank closed branches and thousands of ATMs in South Africa

• Absa closed 3,559 ATMs and cash devices between June 2021 and June 2026, reducing its physical footprint by 41%.
• The bank's branch network also declined, with 37 locations shut down across South Africa, a 6.06% reduction.
• The move is part of Absa's strategy to adapt to changing customer behavior and shift towards digital services, with digital revenues increasing 21% during the same period.