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MICROATMS
SBI, Bank of Baroda squeeze micro-ATM transactions of other banksWhile Bank of Baroda is allowing users to do 4 transactions a day, SBI has limited it to just one.03 Oct, 2019, 07.44 AM IST- Micro ATMs a big hit in rural India, transactions in May touch 33.5 millionWith an annual growth rate of 150% since 2016, the Aadhar-Enabled Payments Channel (AEPS), which falls under the broader category of micro-...28 Jun, 2019, 09.00 AM IST
- Aadhaar authentication to withdraw LPG subsidy at micro-ATMs to continue: UIDAIAs per the verdict of the Supreme Court, Aadhaar can be used in direct benefit transfer schemes under Section 7 of the Aadhaar Act.18 Oct, 2018, 07.37 PM IST
- Arunachal Pradesh State Cooperative Apex Bank to launch 200 micro-ATMsMicro ATM is a mini version of an ATM with modified point of sales terminals. This terminal can connect to banking network via GPRS to perf...25 Jul, 2018, 09.42 PM IST
- Fight on over micro-ATM interchange fee ratesBanks with big micro-ATM network want fee on transactions by competitors’ customers to be raised to 1% from 0.5% as they find it unviable t...01 Jan, 2018, 08.28 AM IST
- Oxigen ties up with Adarsh Credit Cooperative SocietyThrough this partnership Oxigen aims to deploy these terminals across 1 lakh agents who are also referred to as the advisors of the credit ...23 Oct, 2017, 03.43 PM IST
- Your postman may soon become the point of contact for all your financial work. Read howIndia Post is targeting a dozen key bill payments, like school fees and utility bills, for those who aren’t familiar with operating an app ...23 Sep, 2017, 06.15 AM IST
- Aadhaar pays see 6-fold jump in rural areas in Oct-AprilFrom about 2m in December, the number of transactions has increased to 6.1m in April.03 Jul, 2017, 08.31 AM IST
- Aadhaar Pay sees 6-fold jump in rural transactions between October and AprilBanks have already deployed around 1.3 lakh micro ATMs in the country, of which more than 1 lakh terminals are interoperable, said NPCI Chi...03 Jul, 2017, 01.52 AM IST
- Payment business is the antithesis of banking, says Ashok Pal Singh, CEO, India Post Payments Bank"You take money in payments but business is dependent on the velocity of transactions, its more to do with pay-outs," Ashok Pal Singh said.30 May, 2017, 09.34 PM IST
- Oxigen bets big on microATMsMicroATMs are devices that are similar to the swipe ma chines found at retail outlets. In addition to supporting credit and debit card paym...16 May, 2017, 11.53 AM IST
- Demonetisation: Micro-ATMs, POS asked to guard against cyber attacksA micro ATM enables the un-banked rural population to access banking services in their villages or towns in a convenient manner04 Dec, 2016, 02.30 PM IST
- Government to deploy over 2 lakh micro-ATMs to facilitate disbursement of new currencyThe government in a statement said that a large number of micro-ATMs will be deployed across the country to facilitate the disbursement of ...15 Nov, 2016, 11.58 AM IST
- HDFC Bank to roll out ‘micro-ATMs’ across IndiaMicro-ATMs are capable of even biometric verifications using Aadhaar, including instant e-KYC for customers.25 Jul, 2015, 11.31 AM IST
- Maharashtra to get 15,000 micro-ATMs from Centre for rural inclusionIn order to facilitate financial inclusion of people from remote areas in the state, Maharashtra will get around 15,000 micro-ATMs from Cen...23 Jun, 2013, 10.43 AM IST
- A look at the six most asked questions on UIDService providers, such as the government for PDS and NREGA or banks, are expected to link Aadhaar authentication to their services.21 Jul, 2012, 02.03 PM IST
- Banks, Unique Identification Authority to deploy 14 lakh micro ATMs across the countryWhile the banks will authorize the transaction, the authentication will be done by UIDAI by biometric association with its database.27 Aug, 2011, 11.36 AM IST
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