Why is this relevant?
>The reason gas stations run aggressively on cash [...]
they do? Most of the gas stations I see are pay at the pump, and inside the convenience store I'd say most people are paying with credit/debit.
ATMs, etc...
60% of the 130K-ish gas stations in the USA are Indian owned, but we only make up <1% of the population. (old metrics)
What counts as "heavy"? 5%? 15? 50%? Based on my observations it doesn't look like it's happening at a significant enough scale for it to meaningfully make a dent on gas station profitability numbers.
>ATMs, etc...
Why would someone use an ATM to pay for stuff? I don't think I ever saw a gas station that didn't accept debit. If anything gas stations offer a free "ATM" in the form of "cash back" transactions.
Owning a gas station is on the ... Truck Driver -- Gas Station -- Motel .. spectrum for blue collar immigrants from the subcontinent.
As far as I’m aware neither is gas station business model knowledge hereditary nor is it taught in Indian school textbooks or part of Indian cultural learning.
I don't try to stereotype, but i've heard that the culture in India encourages getting free stuff or paying as little as possible to get the most stuff.
https://www.sundayguardianlive.com/business/indias-culture-f...
The linked article has nothing to do with the discussion here. You are just projecting something else here.
Yes, gas stations make low margin on gasoline.
Also, gas station owners in the < 15 location category are cheating taxes to get there.
Think of them as Mini-Bezoses. :)