What is Micro ATM? What Do You Know About It?
Ever since demonetization and the Aadhar-Enabled Payments System (AEPS) appeared , micro ATM has considered as a measure to deal with cash crunch or withdraw in India. More than a million Indians can fulfill their daily cash needs at local Kirana stores through the micro ATM from their Aadhaar linked bank accounts. Is that amazing? What is a micro ATM? And what do you know about it? Today, let’s discuss something about it. What is a micro ATM ? Micro ATM is basically a mini ATM that allows customers to swipe their debit cards for daily transactions. It works like the handheld point of sale (POS) terminals which can be specifically used to disburse cash in remote locations or rural areas of the country. With the portable characteristic, banks can easily connect with their core banking system to provide different services. It is a doorstep mobile banking arrangement cum-mobile ATM device. In India, rural bank customers can withdraw cash...