A handheld point-of-sale (POS) device known as a “Micro ATM” is used for financial transactions. It is intended to offer customers in locations with little access to banking services or without bank branches essential banking services. Business Correspondents (BCs) use micro ATMs as a bridge between banks and clients. They come with a biometric scanner that enables secure user identity authentication, eliminating the requirement for a physical signature. Customers can carry out several financial operations using a Micro ATM including cash withdrawals, balance queries, and fund transfers.
BC’s mobile phone or a GPRS connection is linked to the bank’s core banking system, enabling real-time transactions. Micro ATMs have been crucial in encouraging financial inclusion in rural and distant locations with limited access to banking services. They are essential in campaigns to advance digital financial inclusion in India since they are easy to use, safe, and economical. By equipping neighborhood merchants and Kirana store owners with these machines, mATMs attempt to fill this expanding need gap by enabling consumers to conduct necessary financial transactions.
Over the past few years, Akvira Technologies has been India’s top provider of micro ATM services. Our highly qualified and knowledgeable professional team created advanced AEPS software that includes all financial services and brand-new features. We offer micro ATM services in online and mobile applications in addition to micro ATM equipment. Our massive team of experts works on creative and innovative technology. We developed the micro ATM service using cutting-edge technology and methodologies to make it more effective, user-friendly, quick, and highly secure. Micro ATMs are simple to install, interface with software, and use for banking services. Micro ATMs can be used with either web or mobile apps.