Micro ATM or Mini ATM machine is a portable, handheld card swipe terminal used to dispense cash, in locations where bank ATMs cannot reach. A Mini 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 ATM, just as the name suggests, are smaller portable versions of ATMs and can help you boost your income in minimal investment as the Micro ATM price is very less and earnings are high.
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.