Micro ATMs is card swipe machines through which banks can remotely connect to their core banking system. In other words, micro ATMs are the handheld point of sale terminals used to disburse cash in remote places where bank branches cannot reach. Micro ATMs is very similar to point of sale (PoS) terminals and therefore are a doorstep portable banking arrangement cum-mobile ATM device.
● High real estate & support infrastructure Expenses & bottlenecks
● High operating costs (money replenishment, safety, rent, electricity, communications)
In emerging markets ATMs are largely used for Cash Deposit, Cash Withdrawal, Balance Assess, Mini Statements & Bill Payments, together with money withdrawal being the primary use case for most clients.
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