#mego pay micro atm cost

[aeps-api-provider-company]

अब लोगो को ATM जाने की जरूरत नहीं, क्यों की आपका MEGO Micro ATM Device ही देगा ATM जैसी सुविधा। आज ही RBP का MEGO Micro ATM मँगवाए, और शुरू करे आपका अपना ATM Business.

[aeps-api-provider-company]

How API Provider Companies in India are Transforming Business for the Future

Technology has come a long way and is constantly growing at a fast pace and one such technology is API is also known as Application Programming Interface and when we talk about API, RBP FINIVIS Pvt. Ltd is a pioneer API provider company in India. We provide various API-oriented services across horizons like AePS, Micro ATM, Bharat Bill Payment System, and DMT.

[aeps-api-provider-company]

RBP FINIVIS provides Enterprises and Businesses numerous solutions for enhanced financial transactions such as AePS API, Micro ATM SDK, Micro ATM API, (BBPS) bharat bill payment system API, Domestic money transfer API (DMT), and many more.............

[aeps-api-provider-company]

Aadhaar Enabled Payment System AePS API

Why is it necessary to understand the concept of financial inclusion and financial involvement?

Financial inclusion is the notion that everyone in our society has the right to have the ability to be involved and properly participate in the financial mechanisms of the country. There are many poor households, especially in the rural areas of India that do not have any access to the country's financial services. Many people are not aware of financial management, banks, their benefits, and their functions. Even if they know about the existence of banks, many people do not have the required access to avail services from these banks.

What led to bringing about the AePS system?

The financial exclusion of a vast number of people is a major problem that has been ongoing for many decades. With the advent of technology, the Government of India has taken many steps to bring access and awareness of financial services to the people. One of the main reasons for bringing about this facility was the low literacy rates in rural India.

Detailed studies reveal that literacy rates in rural areas were shown at 71%, compared to 86% in urban areas. The proportion of people who have graduated from a higher level of education was more in the urban areas than in the rural areas. This survey on 'Social Consumption: Education' was conducted across India by the National Sample Survey Office (NSSO). This highlights a big gap in India in the context of average literacy rates.

Along with the issue of accessibility of banking services, there is a huge need to bring the large segments of the country’s population into the banking system. This helps people make use of available resources that are regulated, like taking a loan. Such a move would stop the monetary exploitation of people by unscrupulous and dubious persons. It also opens them to a whole new world of banking abilities and amenities. However, everyone agrees that it is very difficult to accomplish such a goal due to a vast majority of the Indian population staying in rural or remote areas. So, this is precisely why such an initiative was launched under the Financial Inclusion goal. What is an API?

Before you learn everything about the AePS system, you need to first understand the meaning of an API. API stands for Application Programming Interface. They are a set of functions and procedures that allows an application to access data and features of other applications, services, or operating systems.

Let's take an example - you want to order food from a restaurant. You visit the establishment and have decided what you want. All you need to do is to communicate your order to the kitchen staff. This is handled by a waiter who passes your order to the chef. After your meal is prepared and ready, the waiter brings it to you.

In this scenario, the kitchen is the back-end software system and the waiter is the API. Basically, APIs help two different types of software to communicate and exchange data with each other. Now that you know what an API is, let us move on to the revolutionary Aadhaar Enabled Payment System or AePS. What is an AePS API?

Aadhaar Enabled Payment System, also known as AePS, is a payment system that is helmed by the National Payments Corporation of India (NPCI). You can avail banking services such as cash deposit and cash withdrawal, inter-banking and intra-banking money transfer, eKYC, and balance enquiry. To start availing these facilities using AePS, the individual must be an Indian citizen and have their Aadhar card linked to their bank account. Once linked, to avail of the services, it only requires the submission of the Aadhaar number along with the biometric verification of the individual. The benefits of the AePS Payment System:

Although recently launched, there are many benefits that people can take advantage of by using the AePS payment system. AePS paves the way for account holders to successfully complete banking and non-banking transactions with just their Aadhaar number and biometrics for verification. The use of biometrics to authenticate every transaction makes the entire system safer to use and makes it hard to defraud.

There is no need for account holders to maintain their passbooks or details of banking transactions. Instead, their banking transactions can be viewed at the click of a button. This also greatly helps individuals who find it difficult to read, understand and maintain their account information. Most importantly, the AePS system gives a good boost for the financial inclusion goals that empower hundreds of thousands of people.

[aeps-api-provider-company]

Micro ATM Brings Banking Everywhere And For Everyone

RBP Finivis Pvt. Ltd. is one of the leading Micro ATM API Provider Company in India; also we are doing our best to bring transformative impact on digital financial sector and even brought opportunities for retailers to increase their income, through our Mego Pay application.

As India is a developing country that supports rapid growth in technology, our government along with an organization i.e. NPCI put an initiative of digital banking by introducing Micro ATM. With this Micro ATM, one can get access to basic banking services without visiting any bank or traditional ATM. To make all that easy and simple, there are many FinTech companies in the market, developing Micro ATM API and SDK through which banks can remotely connect to their core banking system. One such API provider company located at Panchkula, Haryana is RBP Finivis that sub-serves the goal of the government to bring financial inclusion in the country and facilitate a hassle-free experience of banking to each and every one.

Some Of The Reasons Why is Micro ATM a Boon For Banking Sector:

Micro ATM is a compact debit card swipe machine that works as the best alternative for traditional ATMs. Integrating a large ATM requires much space and their integration cost is a little high, it also requires security cameras and various other equipment to keep watch on fraud. On the other hand, Micro ATM is handy, cost-effective, and easy to integrate. Moreover, Micro ATM is a means of employment to start-ups and it also gives opportunities to retail businesses to increase their income.

What Is Our Role At RBP Finivis?

We at RBP deliver API gateway for various payment solutions with high quality and complete security. Partner with us and get a chance to create your Micro ATM brand with high commission & 100% success rates. Hence, an amazing opportunity is not so far where you can build your Micro ATM admin portal with your name & logo. We are always available to help you flourish your FinTech business and give wings to fly high with our compatible API and SDK.

Micro ATM API Enabled Transactions

Using Micro ATM one can perform 4 types of basic banking transactions. They are:

·         Cash Withdrawal - people can easily withdraw money up to ₹ 10,000 at a time using a debit card

·         Balance Enquiry - one can fetch the current balance status of his account

·         Mini Statement - you can track the history of your recent transactions

·         Fund Transfer - you can easily and instantly transfer money from one account to another account across India.

Closure

As an API provider company, we are determined to bring change in the banking system under the guidelines given by NPCI and intend to make it easier and faster for the common man through our Micro ATM API and SDK. Our main Motive is to offer a fast and secure banking experience in the areas where bank branches cannot reach. However, more than 70% of India's population resides in rural areas, also they prefer cash payments. So, to save their time on long-distance travel, we are working to make their life cozy and comfortable.

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