Micro ATM & AEPS
What do you mean by micro ATM?
Micro ATM meant to be a device that is used by a million Business Correspondents (BC) to deliver basic banking services. The basic transaction types, to be supported by micro ATM, are Deposit, Withdrawal, Fund transfer and Balance enquiry. ...
What is the difference between ATM and micro ATM?
Micro ATM is a mini version of an ATM. Micro ATMs are like modified point of sales terminals this terminal can connect to banking network via GPRS to perform banking transactions. This machine contains card swipe facility and fingerprint scanner. ... These machines are handy and not capable of keeping any cash.
How can I get micro ATM?
The Micro ATM is invented to help people of the rural area for the financial inclusion. However, in heavy cash crunch problem like today these types of Micro ATM Machines is boon to everyone. To buy Micro ATM at best price Contact Us Today.
What is AEPS?
AePS is a bank led model which allows online interoperable financial inclusion transaction at PoS (MicroATM) through the Business correspondent of any bank using the Aadhaar authentication. AePS allows you to do six types of transactions.
What's the benefits of AEPS?
The AEPS system aims to empower all sections of the society by making financial and banking services available to all through Aadhaar. AEPS is nothing but an Aadhaar-enabled payment system through which you can transfer funds, make payments, deposit cash, make withdrawals, make enquiry about bank balance, etc.
