Micro ATM or mATM is a card swiping device where all banks are connected with their Core Banking Systems. This mATM device has facilities to swipe debit card or insert chip enabled debit cards. Micro ATMs are man-handled point of sale terminals which can be deployed in any retail point, kirana shops or any stores. This device connects with Yo Money’s Android app enabled smartphone through Bluetooth. Using mATM device and Smartphone, Agent can disburse services like Cash Withdraw and Balance Enquiry by swiping a debit card and using 4 digit ATM PIN. mATM device is portable and easy to use. It is way more cost effective than Bank’s large ATMs or any bank branch. Yo Money is to mitigate the traditional problems like standing in a long queue in bank branch or ATM, bank CBS down issue or shortage of cash in ATMs Yo Money introduced this device.
Micro ATM or mATM is an alternate way of AEPS to withdraw cash and enquiry bank balance using Debit card. Yo Money process transactions through android app using a card reader ATM device. This product operates under National Financial Switch (NFS) and guidelines of NPCI.
Initially Micro ATM device pairs with Yo Money android app through Bluetooth connectivity. Customer’s Debit card and ATM PIN is the only requirement to process withdraw or balance enquiry transaction. Unlike AEPS there is no limitation for transaction through Micro ATM. Customer can withdraw as per card issuer bank’s limitation. Micro ATM has become popular as this is the most reliable way for withdraw transactions
All Debit Cards Accepted
Cash Withdraw & Balance Enquiry
Seamless Connectivity via Bluetooth
Instant Settlement to Wallet
Works in Holiday/Non-Banking Hours
Attractive real-time commission on every transaction
No Extra Charge for Customer
You need to fill form and provide us with the below documents.
• Aadhaar Card
• PAN Card
Once the documents are verified you can go live with your own ATM within a week.