Micro Atm

Let's Take a brief of What is Micro-ATM and Why it is used and Where? 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. Micro-ATM's are card swipe machines through which banks can remotely connect to their core banking system. This machine comes with a fingerprint scanner attached to it. In other words, Micro-ATM's are handheld point of sale terminals used to disburse cash in remote locations where bank branches cannot reach. Therefore, it is mostly created for Rural Areas where no facility is Available. Micro-ATM meant to be a device that is used by a million Business Correspondents (BC) to deliver basic banking services. Customers would just have to get their identity authenticated and withdraw or put money into their bank accounts. ... This money will come from the cash drawer of the BC.