MicroATM
MicroATM
- The Micro ATM is the developed version of point of sales (POS) terminals with the advanced features like the biometric scanner (finger print scanner) attached to it.
- In the micro ATM operations, the business correspondent manually accepts the cash deposits from the customers, feeds the data in the system and he also makes cash payments manually to the card holders feeding the debit transactions to the customers’ account.
- The micro ATM cards are issued to the customers of Aadhar- linked bank accounts.
- The Micro ATMs run on GSM or GPRS (an upgrade to GSM) connectivity and therefore they are portable. The operator (BC) can carry the Micro ATM from one village to another at set times. Even shop-keeper can simultaneously work as a Business Correspondent (BC) and keep the terminal in his shop
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