What is Digital India Micro ATM?
Photo by Eduardo Soares on Unsplash Micro ATM is a device that can be used by a million Business Correspondents also known as BC. This device is provided to them so that, they can deliver primary banking services to the people who cannot go to the banks. This platform would help enable Business Correspondents like local shop owners and then they would act as a Micro ATM so that they can perform instant transactions for the people who cannot go to the banks. Micro ATM is basically a compact device, you can also call it a mini design of an ATM. The device looks like a card swiping tool which is used for payments through debit and credit cards. But, the difference is that it is capable of providing branchless banking. Micro ATMs are in confederation with the biometric sensor. Through this sensor, it can capture your Aadhar details, which would help the banks and all the payment solution companies. It taps a large portion of the unbanked se