When the number of card payments per inhabitant increases to over 70 annual card transactions per person, the number the number of ATM transactions starts to decrease. Several countries below this card usage level still show increasing ATM usage, when customers move from branch teller withdrawals to ATM withdrawals.
There is no accurate statistical data on cash withdrawals at branch level or cash payments at merchants. Anecdotal or survey-based evidence tells that Iceland is the most cashless society measured based on purchase value in shops. Only about 9% of the turnover is paid by cash. In Iceland debit and credit cards are the main payment instruments at points of sale.