Empowerment of Local Businesses: Role of a Premier mATM solutions provider in ensuring that local
In today’s financial scenario, the need for accessibility is the foundation on which the economy thrives. Though the age-old banking system has its advantages in terms of expansion, there are still innumerable areas in the countryside and semi-urban regions where the nearest ATM is miles away. This hiatus has led to the emergence of a revolutionary fintech solution in the form of the Micro ATM machine. As a leading mATM Provider Company, Round Pay aims to transform common retail stores into miniature banking centres so that money’s just a click away.
What is mATM and how does it work?
An mATM is a portable device, also known as a Micro ATM machine. It lets customers carry out basic banking with a debit card or the Aadhaar biometric system. A regular ATM is bulky and requires heavy maintenance. In contrast, a Micro ATM machine is compact and operates over GPRS or mobile data networks.
If a customer goes to a store that uses such technology, they can withdraw their money immediately after swiping their credit card and entering their PIN number. As such, the store owner acts as a correspondent for the banking process, handing over the money while reflecting a corresponding deduction in the client’s account and crediting it online.
Benefits towards Retailers and Small Businesses
Working with a trusted mATM provider like Round Pay gives small business owners two main benefits. It’s not just about providing a service; it also helps you earn a steady income.
● Increased Footfall: Installing a mini ATM machine in your store provides a highly sought-after service. Customers coming into your store to withdraw cash are very likely to buy other products, which increases the sales of your primary business.
● Earn Commissions: The merchant earns a guaranteed commission on every successful transaction. Whether it is a cash withdrawal or even a balance enquiry, every swipe actually adds to your monthly earnings.
● Low Investment, High Returns: Setting up a micro ATM machine requires minimal infrastructure. With a basic smartphone and a Round Pay device, any kirana store, pharmacy, or mobile shop can start functioning as a local bank point.
Also Read: APES Software: Banking Made Easier!
Why Choose Round Pay?
As one of the most prominent mATM Providers, Round Pay provides a secure, optimised platform fully integrated with the latest AEPS (Aadhaar Enabled Payment System) technology. Our devices are ready for the Indian market, meaning they are long-lasting, user-friendly, and compatible with 180+ banks.
We recognise that security is the highest priority for any fintech business. We have ensured that all transactions are 100% secure for the merchant and the cardholder. We offer real-time settlement, which means the funds you give out are refunded to your account immediately, so your working capital is never held back.
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