MATM Service in India - Micro ATM - Mos Utility

Micro ATM

Be among our choicest Business Correspondents (BC) and deliver numerous Banking Services within your comfort zone. Our portal will allow you to conduct instant and secure banking transactions. You could be a local grocer or an owner of a small establishment and through our platform you could be a Micro-ATM as well. Basic functions of an ATM such as Deposit, Withdrawal, Transfer of Funds and Balance Enquiry can be easily conducted through the low-cost micro ATMS that will be connected with major banks across the nation.

Since the BC’s will act as a Bank you need to verify the authenticity of the customer using the UID.

Similar to bank ATMs, the micro Automated Teller Machine (ATM) also provide traditional services like withdrawing cash, balance enquiry, cash deposits and much more. However, the micro ATMs are best for carrying out cash transactions in situation when bigger ATMs are running dry. Micro ATMs as the name suggests are a mini version of an ATM. They are developed with features like point of sales (POS), connecting banking networks through GPRS for carrying bank-related transactions. Equipped with card swipe facility, the micro ones can even operate via fingerprint scanner. Generally, these mini ATMs are situated in remote or mobile locations.

How Does Micro ATM Works?

To operate this portal, a person has to undergo verification process such as Aadhaar card with fingerprint scanning or card swipe option. Once verified, he or she will be able to select options for various transactions like cash deposit, fund transfer, eKYC based saving account, Aadhaar seeding, cash withdrawal, balance enquiry and service request acceptance. Note, these options can be different depending upon banks or fintechs.

• Bank’s Issuer Identification Number (IIN) or Name

• Aadhaar Number

• Fingerprint