#micro atm api

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RBP Finivis Pvt Ltd is India’s largest B2B fintech platform delivering various banking API & SDK solutions to individuals and businesses of all sizes. One such API solution is micro atm api that has made us one of the finest micro atm api provider company in India. This simple functionality of api offers ordinary citizens easy access to secure financial services like cash withdrawal, etc. while businesses can make a good commission and better-earning opportunities without much investment and effort.

What Role does API Play for the Growth of Digital Banking?

An API plays an important role in making the banking system interoperable. Application Programming Interface is a software application that empowers and allows to connect various banking networks to interchange products and services needed to offer customers. This enables banks to offer even more features and feasible services that have made banking services available to each and every corner of the country.  However, the time has now come to digitally transform India with the invention of APIs.

A Mini Version of ATM is an Outcome of API Solution

Micro atm is a mini version of an atm that does not occupy much space for its set-up. It is a portable device that can be carried anywhere. It can carry out basic banking transactions within a few seconds at a click. This amazing device came into existence only because of the arrival of advancements in the technology with the introduction of API (Application Programming Interface)

We with our experienced and pro-active technical team of developers developed & designed fully customized and highly scalable API solutions for businesses. With this advanced payment gateway, entrepreneurs can use their business ideas and strategies in the fintech industry without having much technical knowledge. In other words, we will be available 24*7 for their technical quarries and will solve them as early as possible.

Benefits of Micro ATM With Its Features:

·        One can extend banking services anywhere in remote locations using a micro atm machine

·        Cheap – It is a low-cost option for the existing traditional ATMs

·        Portable – It is a portable device, easy to carry, easy to set up anywhere.

·        Interoperable – It can work for any bank using debit cards.

·        Secure – Connects banking network through GPRS technology for carrying banking transactions, making it safe and secure

Working of Micro ATM is Similar to Usual ATMs

First of all, you need to undergo a verification process of your debit card. For verification card swipe option is available. Once the verification is completed micro atm screen will display various transaction options. You need to select the option and the device will process the transaction. On a successful transaction, a message will be displayed on the screen and a receipt will be generated. You will also receive an SMS alert from your bank about the transaction.

Conclusion

To offer customers a powerful payment solution, RBP as a micro atm api provider company become a force in supplying the best banking platform. With our fully automated banking api solutions, businesses will enjoy unlimited flexibility and fly at great heights with success all around.

Looking for Micro ATM API & SDK? Switch to RBP Finivis

RBP Finivis Pvt. Ltd. is one of the leading Micro ATM API Provider Company in India; also we are doing our best to bring transformative impact on digital financial sector and even brought opportunities for retailers to increase their income, through our Mego Pay application.

As India is a developing country that supports rapid growth in technology, our government along with an organization i.e. NPCI put an initiative of digital banking by introducing Micro ATM. With this Micro ATM, one can get access to basic banking services without visiting any bank or traditional ATM. To make all that easy and simple, there are many FinTech companies in the market, developing Micro ATM API and SDK through which banks can remotely connect to their core banking system. One such API provider company located at Panchkula, Haryana is RBP Finivis that sub-serves the goal of the government to bring financial inclusion in the country and facilitate a hassle-free experience of banking to each and every one.

Some Of The Reasons Why is Micro ATM a Boon For Banking Sector:

Micro ATM is a compact debit card swipe machine that works as the best alternative for traditional ATMs. Integrating a large ATM requires much space and their integration cost is a little high, it also requires security cameras and various other equipment to keep watch on fraud. On the other hand, Micro ATM is handy, cost-effective, and easy to integrate. Moreover, Micro ATM is a means of employment to start-ups and it also gives opportunities to retail businesses to increase their income.

What Is Our Role At RBP Finivis?

We at RBP deliver API gateway for various payment solutions with high quality and complete security. Partner with us and get a chance to create your Micro ATM brand with high commission & 100% success rates. Hence, an amazing opportunity is not so far where you can build your Micro ATM admin portal with your name & logo. We are always available to help you flourish your FinTech business and give wings to fly high with our compatible API and SDK.

Micro ATM API Enabled Transactions

Using Micro ATM one can perform 4 types of basic banking transactions. They are:

·         Cash Withdrawal - people can easily withdraw money up to ₹ 10,000 at a time using a debit card

·         Balance Enquiry - one can fetch the current balance status of his account

·         Mini Statement - you can track the history of your recent transactions

·         Fund Transfer - you can easily and instantly transfer money from one account to another account across India.

Closure

As an API provider company, we are determined to bring change in the banking system under the guidelines given by NPCI and intend to make it easier and faster for the common man through our Micro ATM API and SDK. Our main Motive is to offer a fast and secure banking experience in the areas where bank branches cannot reach. However, more than 70% of India's population resides in rural areas, also they prefer cash payments. So, to save their time on long-distance travel, we are working to make their life cozy and comfortable.

Micro ATM is the solution for the areas where large or traditional ATMs and bank branches are hard to reach. So, to solve the cash crunch in remote areas, RBP Finivis Pvt. Ltd. has come forward as an API Provider in India with an extremely useful product. It offers Micro ATM API & SDK for the businesses to emerge and occupy space in the rapidly evolving FinTech industry. It is available 24/7 and 365 days to deliver various banking services such as cash withdrawal, balance inquiry, mini statement, and more.

What is Micro ATM and how it works?

Micro ATM is basically a card swipe machine that works on a point of sale terminal with minimal power consumption. It is a handheld portable device that contains a card reader to verify debit cards from any bank, makes it interoperable, and offers desired financial transaction services to individuals. Some Micro ATMs are also available with a fingerprint scanner. It is connected to the central banking servers through GPRS technology. Hence, Micro ATMs are a safe, secure, and instant solution to get banking transactions done.

Is That Amazing for Rural India? Let Us Discuss Benefits of Micro ATM for Them-

Micro ATM is really an amazing thing launched by the government of India under the guidelines of the National Payment Corporation of India (NPCI). As it is a mini version of traditional ATMs, it doesn’t require much space for its setup and it is also very cost-effective. Hence, Micro ATMs can be set up anywhere without much effort.

These are some reasons; Micro ATM is a boon for rural India. People don’t need to travel long distances and waste time in long queues to get facilities of banking services. People can easily withdrawal cash up to Rs. 10,000 using their debit card just by visiting their nearest business correspondent. Also, they get access to some other basic banking services too. So, to co-operate government in the motive of bringing financial inclusion in the country, RBP Finivis Pvt. Ltd. emerged as an API Provider Company. It offers an opportunity for businesses, become a part of the FinTech industry and help rural people & weaker sections of society to come under the banking framework and enjoy financial services at their doorsteps.

Objectives Of RBP Towards Developing Micro ATM API

Objectives of this specification are as follows-

To bring down transaction cost

To guarantee interoperability

Ensure security and transparency of transaction

Provide a uniform customer experience

As the API is customized, it is user friendly that reduces agent training needs

To bring down the cost of being compatible with an existing banking system

Conclusion

RBP Finivis is a Micro ATM API Provider company in India located in Haryana that contributes to making Digital Bharat as it provides reliable services for easy transactions. It is an integrated programming facility that guarantees secured payments. Along with Micro ATM API, RBP offers a few more APIs for businesses to grow to earn and offer the best financial/e-commerce transactions on fingertips to everyone. Such APIs are –

AePS API

Micro ATM API

DMT API

BBPS API

Fastag Recharge API