When was the first ATM set up in the world? When did India get one?
The first use of ATM magstripe cards is said to have been made in 1969 when Docutel installed its Docuteller machine at New York's Chemical Bank. This is the first recorded use of magnetically encoded plastic.
Donald C Wetzel is given credit for developing the machine for Docutel. Docutel was the first to apply for a patent and is credited by the Smithsonian Museum as inventor of the ATM.
In 1987, India get one when the Hongkong and Shanghai Banking Corporation introduces the ATM concept in India in 1987.
