#Micro ATM Machine Business

[goblincow]

Having a recurring thought atm that I want a nice shiny black baseball bat with the words this machine kills fascists running up the side and a bag with straps to attach it to. Gonna scuff up the end on some statues of churchill so you know I mean business. And then I can buy a micro pub so I can put it above the bar and bring it out of retirement as needed. That would be sweet.

[spicemoney1]

Requirements For AePS Transactions

AePS (Aadhaar Enabled Payment System) does not require a smartphone, documents, or payment cards. To use AePS, customers only need to link their Aadhaar card to their bank account. The system captures the following information:

Aadhaar Number Biometric Fingerprint Identification Name or Bank Issuer Identification Number (IIN) If the full Aadhaar number is not remembered, the last four digits will suffice. A Business Correspondent with an AePS machine or Micro ATM in assisted mode can perform transactions for the customer.

[payrupeshop]

Micro atm

In India, the traditional banking system remains out of reach for many people due to a lack of knowledge about financial and technological literacy, especially in non-metropolitan cities. This creates a problem because a vast majority of the population still depends on cash-based transactions. And since banks and ATMs are not always easy to reach in India, people often face problems when trying to withdraw cash.

Hence, payRup has introduced its microATM, a handheld device that will enable retail and merchant/shop store owners all over the country to turn their shops into miniATMs!

Ways in which MicroATM benefits you as an eShop merchant:

1.By using payRup’s microATM machine, you can offer cash withdrawal and balance inquiry services to your customers. This innovative method improves customer satisfaction and loyalty, allowing your business to offer a more convenient and innovative cash handling solution.

      2. By offering seamless cash withdrawals, the MicroATM simplifies tasks like money withdrawals and balance checks, thereby eliminating confusing steps and long queues and making withdrawals simple, seamless, and stress-free.

Gain commission on every swipe, avail micro-ATM services, and enjoy commissions.

MicroATM is a great source of revenue for merchant and shop owners as it is a great opportunity to offer financial services to the unbanked Indian population. payRup’s microATM empowers your business growth and helps you turn your eShop into a miniATM! . If you are not a merchant on payRup and want to avail microATM and other services, visit eshop.payrup.com. Join PayRup eShop now!

[pkkapri]

Using Fino Payments Bank Mini ATM machine you can generate ATM Pin of your customers very easily. Also you can use Fino Mini ATM for cash withdrawal and balance enquiry and earn some commission instantly.

Commission Chart (Estimated):

Note-Above commission list maybe vary as per company policy.

[htjhytjytjy]

Beffy mATM Services

Beffy offers the best micro ATM services with software, mobile apps and micro ATMs. The best parts of micro ATMs are the highest cost for cash withdrawals, portable devices and ease of use. Micro ATM machines accept all bank cards and use biometrics for secure cash withdrawal transactions. Micro ATM, which is also called mini ATM. Unlike POS devices. The Micro-ATM solution enables bank correspondents (BCs) to perform basic banking services and financial transactions such as deposits, withdrawals, payments (transfer of funds), balance inquiries and small statements using biometric devices. Provide to customers. The platform allows business correspondents (who may own local Kirana stores) to make instant transactions.

[open-your-own-business]

Don't worry for high Micro ATM price device because Dogma Soft helps to grow your business in India.

Mostly people don't know that how to check bank transaction, balance inquiry through mobile phone, and they face many technical problems regarding online payment. Mini ATM Machine with fingerprint device is capable for solve this problem. Mini ATM device has been introduced by the fintech Industry and this industry is growing industry. So, If anyone want to open a business, this is a good opportunity. As a shopkeeper or retailer, you can also provide Mini ATM services such as cash withdrawals, balance inquiries, and mini statements to your customers and earn more. Dogma Soft’s Micro ATM price is very reasonable than other companies. So, Through Dogma Soft Mini ATM device a person can help people to providing Mini ATM services and grow thier business.

So, don’t wait for a good time and buy a Mini ATM Machine with Fingerprint device from Dogma Soft to grow your earning.

[franchisee-business-ideas]

Worrying about the high Micro ATM Price in the Market? Don’t worry, read this.

Although a mini ATM machine with a fingerprint is one of the best payment solutions available in the market as of now, many companies charge very huge costs for it. Some companies even charge monthly rent for using this machine, which becomes very heavy on the pockets of small business/retail shop owners. So what can they do?

Well, the only solution for this is finding a company that offers quality services at low prices. Dogma Soft Limited is one of the micro ATM service provider companies that offer the best devices at an affordable cost. The company uses cutting-edge technology, to minimize the cost while making sure the quality of service is top-notch. Dogma Soft dispenses the lowest Micro ATM Price in India with all the modern features and 24*7 Customer Support.

[igsdc]

How can you access AEPS service through IGS Digital Center Limited?

What is AEPS?

aepsis a unique identification number based payment platform that enables customers to conveniently send, receive, withdraw cash, deposit cash and check balance using Aadhaar-verification.

The objective of AEPS system is to enable all sections of the society by providing basic banking services in remote areas. The National Payments Corporation of India (National Payments Corporation Limited) started the AEPS service to promote digital payments in India. AEPS makes payments fast, easy and secure, along with facilitating online services like cash withdrawal and deposits. 

The biggest advantage of AEPS transaction is that it does not require any file or signature to complete the transaction. Through AEPS all customers can use their Aadhaar number to do financial transactions at Point of Sale (PoS) or Micro ATM through Aadhaar authentication.

While using AEPS, customers first need to provide the bank representative with the Aadhaar number linked to the bank account and have the thumb or finger impression scanned on a biometric machine. Any kind of transaction can be completed only after this process is completed. So AEPS is more secure and better online system than normal transaction system.

All payments through AEPS can be completed through a Business Correspondent (Bank BC) or a Bank Correspondent using a Micro ATM. But the most important condition for using AEPS service is that for this your bank account should be linked with Aadhaar.

What are the benefits of using AEPS?

Below are some of the benefits of using the AEPS system that you will get when you use this transaction system:

The system is very simple and user friendly and it takes only a few minutes to do any type of transaction or avail banking service using Aadhaar authentication.

AEPS is a very secure mode of payment which works on the basis of Aadhaar authentication only, thus protecting the customers from fraud and risky transactions.

This system helps the underprivileged section of India to ensure financial inclusion.

The AEPS system is used to provide benefits of various government schemes to remote areas and villages.

What are the documents required to use AEPS service?

Normally no specific documents are required to use the AEPS service. You must have a valid bank account number, Aadhaar number and bank name to use the AEPS service.

How can you complete AEPS transaction through IGS Digital Center Limited?

By becoming an authorized member of IGS Digital Center Limited center you can provide facility of Cash Withdrawal, Cash Deposit, Balance Check and Money Transfer etc. to your customers through AEPS. 

To do AEPS through IGS Digital Center Limited follow the following steps-

Visit your nearest authorized IGS Digital Center Limited member.

After that the IGS representative will enter your 12 digit Aadhaar card number in a point on sale machine.

Next, you need to choose the type of transaction you want, such as deposit cash, withdraw cash, transfer funds within or outside the bank, balance enquiry, or get mini balance statement, etc.

Select the bank where you have your account and fill the complete details of the transaction amount.

Confirm the transaction details by placing your thumb impression on the biometric scanner.

Your transaction will be completed.

When the transaction is complete, obtain a receipt from the IGS representative.

IGS Digital Center Limited is India's best online service provider company, by becoming a member of which you can earn handsomely by providing more than 300 government and non-government services to your customers. Services provided by IGS Digital Center Limited include AEPS service,dmr service, Bill Payment Service(BBPS), Recharge Service,travel booking services, CA Services, Legal Services and IT Services etc. are the major ones.

[vedantpay]

Which is the best digital payment system for rural and semi-urban India?

To answer this question in a better way, let me briefly introduce you to the currently prevalent payment systems in India.

1. Cash-only system : People have preferred to keep small amounts of cash with themselves for a long time, which is used in day-to-day work. It is necessary so that a shortage of money is not encountered in times of need.

2. Cash in bank : Almost 80% of the Indian population above 14 years of age is banked as per the latest data of 2017 . Most of the money kept in these bank accounts is spent through cheques, drafts, or by pay-in-slips.

3. Mobile wallets: Most modern-day mobile wallets like PayTM, PhonePe, Google Pay (formerly Tez), etc. have emerged in the post-demonetization period and during COVID-19. The transactions made through them have crossed ` 36.5 Trillion in 2020, and are expected to more than triple by 2025 .

4. Card transactions: Debit and credit cards of Master, VISA, and more recently Rupay are being used for making payments from bank accounts, by either withdrawing cash from ATMs or directly by swapping on PoS machines or simply waving or touching them near payment terminals. While every commercial bank provides debit cards, eCommerce sites like Amazon and Flipkart have tied up with banks and finance companies to provide specific credit cards to their customers. There are around 94 Crores of active debit cards and 6.2 Crores of credit cards in India in January 2022 .

5. Internet banking: A customer with access to an internet connection can log in to the website of his bank and perform almost every banking transaction, from balance inquiry to transfer of funds to bank statements. Around 26% of people in India are reported to at least have a digital bank account in a 2022 survey, which is expected to increase to 46% by 2027 .

6. Unified Payment Interface (UPI): This is one of the facilities provided by banks in their mobile apps, through which payments can be made and received either through QR codes or direct transfers to someone’s mobile number through Virtual Payment Address (VPA); and account balances can be enquired about. Almost 4.6 billion transactions worth ` 84 Lakh Crore have been processed by UPI in the Financial Year 2022, which is more than double the volume and value of transactions in the previous year 

7. Mobile and SMS banking: Banking is done in two ways through a mobile phone. First is the use of *99# provided by almost every telecom provider for doing banking through SMS, for which banks have implemented daily limits of transactions, under the system called Unstructured Supplementary Service Data (USSD). Second is the use of the mobile app for your bank account by providing a smartphone-ready interface of your bank’s website.

8. Aadhar Enabled Payment System (AEPS): Now, only an Aadhar card is required for making most banking transactions, like withdrawing or depositing money, inter-bank fund transfers, balance inquiry, etc., for which a customer has only got to visit a Banking Partner, like ‘Vedant Mitra’ who has Vedant Pay app installed on his phone and do the required transaction.

9. Micro ATM (mATM): This is a smartphone device in the hand of a business partner like Vedant Mitra through which you can withdraw or deposit money in your Aadhar-linked bank account by inserting your debit or credit card into it and authenticating your fingerprint.

10. Mobile Point of Sales (mPOS): POS machines are very popular in shops and malls for making payments. Now is the era of mobile POS, which are the same devices as mATM, just differing in functionality. Payments can be made using cards, AePS, Mobile Wallets, and QR Code scanners on this machine.

Now coming to your question about the most preferred digital payment system in rural and semi-urban India, let us cover it point-wise:-

(a) Cash-based payment is not feasible because of the risk of theft.

(b) A huge majority of Indians, including our rural population, now have a bank account, thanks to the Pradhan Mantri Jan Dhan Yojana. But withdrawing money through cheques, drafts, etc. is a tedious job, because of the time involved.

© USSD and SMS banking are old forms of mobile banking that are rarely used nowadays.

(d) UPI has emerged as one of the most preferred modes of making payment, because of its simple interface and ease of operations.

(e) mATM and mPOS devices have also become popular modes of making digital payments, mainly in rural and sub-urban regions of India, where banking penetration is relatively low as banks don’t want to open branches owing to logistical and operational concerns.

So, the answer to your question is that UPI, mATM and mPOS have become the best modes of making digital payments in rural and semi-urban India.

[indezonsolutions]

Aeps Id

Aadhaar Enabled Payment System (AEPS) is a system is one of the several FINTECH product launched by National Payments Corporation of India (NPCI) that allows people to carry out financial transactions on a Web portal, Application platform, Micro-ATM by furnishing just their AADHAAR number and verifying it with the help of their fingerprint/iris scan.

[payrupeshop]

Micro ATM Banking Solutions

In India, the traditional banking system remains out of reach for many people due to a lack of knowledge about financial and technological literacy, especially in non-metropolitan cities. This creates a problem because a vast majority of the population still depends on cash-based transactions. And since banks and ATMs are not always easy to reach in India, people often face problems when trying to withdraw cash.

Hence, payRup has introduced its microATM, a handheld device that will enable retail and merchant/shop store owners all over the country to turn their shops into miniATMs!

Ways in which MicroATM benefits you as an eShop merchant:

1.By using payRup’s microATM machine, you can offer cash withdrawal and balance inquiry services to your customers. This innovative method improves customer satisfaction and loyalty, allowing your business to offer a more convenient and innovative cash handling solution.

      2. By offering seamless cash withdrawals, the MicroATM simplifies tasks like money withdrawals and balance checks, thereby eliminating confusing steps and long queues and making withdrawals simple, seamless, and stress-free.

Gain commission on every swipe, avail micro-ATM services, and enjoy commissions.

MicroATM is a great source of revenue for merchant and shop owners as it is a great opportunity to offer financial services to the unbanked Indian population. payRup’s microATM empowers your business growth and helps you turn your eShop into a miniATM! . If you are not a merchant on payRup and want to avail microATM and other services, visit eshop.payrup.com. Join PayRup eShop now!

[pkkapri]

Using Fino Payments Bank Mini ATM machine you can generate ATM Pin of your customers very easily. Also you can use Fino Mini ATM for cash withdrawal and balance enquiry and earn some commission instantly.

Commission Chart (Estimated):

Note-Above commission list maybe vary as per company policy.

[ezulix]

Micro ATM Cash Withdrawal - Steps to Activate mATM App

Micro ATM Cash Withdrawal – Steps to Activate mATM App

So If you are planning to start your own micro ATM business and looking for micro ATM cash withdrawal software then this is for you. In this article, I will explain to you about micro ATM, how to activate it and who offers the best micro ATM app in India. So without wasting time, I come to the point. What is Micro ATM? Micro ATM is a portable device that is used by millions of Kirana Stores…

[bacchatonline]

Bacchat Online, the card swiping machine offers an easy cash withdrawal & cash deposit facility from the convenience of your shop. Increase your footfalls with bacchat Mini ATM Machine. Make a step towards a cashless economy & deal in digital transactions. Visit👉https://www.bacchat.online/mini-atm-machine Phone☎️: 1800-120-221-010