Mpos swipe machine operates as a unique “Bank-in-a Box”. Being India’s primary inter-operable mode, it is a reform in the banking sector that can service a customer of any bank using the debit/credit card interface. In other words Mpos solution that is Micro Atm or Mini Atm machines are handheld point of sale (POS) terminal used to dispense cash in secluded locations where bank branches cannot reach. Micro ATMs are like a point of sale (POS) terminal and are a doorstep mobile banking method cum-mobile ATM device.
Micro Atm or Mini Atm machines are portable, handheld card swipe terminals used to dispense cash, in locations where bank ATMs cannot reach. A Micro ATM operates as a unique “Bank-in-a Box”, allowing customers to withdraw cash and know their balance. This payment solution is aimed at taking branchless banking to the last mile. Micro ATMs are a doorstep mobile banking method cum-mobile ATM device to perform financial transactions like using it to accept card payments through swipe or for cash withdrawal just like in an ATM.
According to the data released, only 5% of the rural population has access to ATMs. This leaves huge gap in the availability of ATM services in these areas. This is an initiative by the government of India, as it is commercially viable to have more Micro ATMs rather than having more ATMs, as the latter incurs a huge cost to the banks. Biznext Micro ATM machines are the most compact and easily operable.
Transactions that can be done at Micro ATMs:
- Cash Withdrawal
- Balance Inquiry
- Mini Statement (subject to availability)
- Biznext Micro ATM accepts all Debit cards, be it Chip & Pin or Magnetic Swipe or NFC* (Near Field Communication).
- Using the Biznext Micro ATM, you can now accept debit cards as a mode of payment for your business.
- Safe and secure transaction with your trusted retailer and the Biznext Micro ATM.
- After the transaction is completed a payment receipt is produced, which can further be printed or shared directly via email or Whatsapp.
- Real Time Commission on each transaction in your Biznext wallet.
Benefits of using Micro ATM:
- The Micro ATM Business requires no extra setup but it does ensure you an additional source of income. In short, good income opportunity with very less investment.
- Earn Attractive commission on every transaction made on the Micro ATM.
- Do business on the go by this Compact portable device that can be carried with you wherever you travel!
- Get Maximum Utilization of the cash at hand.
- An increase in the number of customers visiting your store, instead of ATMs.
Things required to start:
A form is required to be filled by you to become a Biznext Retailer/Distributor and these documents to be submitted for verification:
To learn more about the Micro ATM price and registration and to partner with Biznext to start your own Micro ATM business immediately and hassle-free kindly fill the form to register with us today.
Once verification process is completed, we will get in touch with you to dispatch your Micro ATM machine.