What is Micro ATM? What Do You Know About It?


Ever since demonetization and the Aadhar-Enabled Payments System (AEPS) appeared, micro ATM has considered as a measure to deal with cash crunch or withdraw in India. More than a million Indians can fulfill their daily cash needs at local Kirana stores through the micro ATM from their Aadhaar linked bank accounts.

Is that amazing? What is a micro ATM? And what do you know about it? Today, let’s discuss something about it.

What is a micro ATM

What is a micro ATM

What is a micro ATM?

Micro ATM is basically a mini ATM that allows customers to swipe their debit cards for daily transactions. It works like the handheld point of sale (POS) terminals which can be specifically used to disburse cash in remote locations or rural areas of the country. With the portable characteristic, banks can easily connect with their core banking system to provide different services. It is a doorstep mobile banking arrangement cum-mobile ATM device.

In India, rural bank customers can withdraw cash from their Aadhaar linked bank accounts through the biometric-abled Micro ATM. Additionally, these points with micro ATMs can also function as ‘cash in, cash out’ (CICO) centers where customers can withdraw up to Rs 10,000 using their debit cards or via Aadhaar authentication. The customer also has access to banking services include make deposits, transfer funds, inquire balances, etc.

What is the difference between ATM and micro ATM?

An automated teller machine (ATM) is an electronic banking device that allows customers to complete financial transactions includes cash withdrawal, deposit, funds transfer, balances, or account information inquiry without the aid of bank staff. Most of the ATMs contain card readers, keypads, cash dispensers, printers, and screens. Anyone with a credit card or debit card can access cash at most ATMs anytime.

Micro ATM is a mini and portable version of an ATM. Micro ATMs are equivalent to modified point of sales (POS) machines that can connect to banking networks via GPRS to perform transactions. Generally speaking, a micro ATM comes with a fingerprint or iris scanner as it requires performing biometric identification.

In addition, the micro ATM can be carried by a bank representative or authorized agent (businessman or shopkeeper) at remote locations or rural areas, but ATM is generally installed at a fixed location. The agent will act as the cash disperser for the ATM, but there are no service charges for using Micro ATMs.

Micro ATM

How does mini ATM work?

Micro ATMs are operated by authorized agents known as business correspondents, which usually used at semi-urban and rural areas. Customers need to identify identification associate with their Aadhaar Card, which will serve as the ID proof required to withdraw money. The specific process is as follows:

① Customer needs to undergo a verification process. They need to scan his fingerprint or iris on the biometrics enabled smart POS machine, which is verified by the UIDAI records.

② Once verification is completed, Micro ATM will display all the transaction options.

③ Customer need to select the option and smart POS machine will process the transaction.

④ On a successful transactions, a message will be displayed on the screen and printed receipt will be generated.

⑤ The customer will get SMS alert from their bank after the transaction is successfully completed

What is the application of Micro ATM?

l Account opening

l ATM card transaction

l Aadhaar enabled payment (AEPS)

l Aadhaar seeding

l Biometric capturing

l Cash Deposit

l Cash Withdrawal

l eKYC

l Fund Transfer

l Balance Enquiry

l Mini statement

Micro ATM

What are the benefits of Micro ATM?

l Promote financial inclusion, digital India and cashless society process

l High accuracy with stringent biometric identification

l UIDAI complaint, biometric enabled secured transactions

l Micro ATMs are interoperable devices that can work for any bank

l Cost reduction, lower operation and maintenance cost than regular ATM

l Flexible account access allows citizens to access their accounts at their convenience

l Low operational cost

l Portable, easy to carry and suitable for Indian semi-urban and rural area

mini ATM machine TPS900

Which is the best mini ATM machine?

Micro ATMs is handheld smart POS (point of sale) terminals that can be used for disbursing cash. With GPRS technology and fingerprint scanner, advanced smart POS can compatible to the Aadhaar account.

With 22-years of experience rooted in the payment industry, Telpo smart POS is definitely one of the best mini ATM machines. It integrates face recognition, biometric fingerprint& iris readers for accurate identity identification, brings the convenience of biometric-enabled transactions at the doorstep and suitable for the Aadhar-Enabled Payments System (AEPS). Furthermore, our biometric mini ATM deploys STQC approved fingerprint sensor & iris sensor with the data retention functionality.

mini ATM machine TPS900


l 5.5-inch+ 1.3 GHz Quad Core processor

l Large battery with 7.4V/4400 (5000) mAh

l Thermal printer with super high speed

l Support STQC Certified fingerprint, iris reader, and RD SERVCIES

l Support side-mounted& end-end fingerprint, optical fingerprint& capacitive fingerprint sensor

l Supports GPRS/3G/4G/BT/WiFi and plug and play USB interface

Tag: mini ATM, micro ATM, smart POS, Aadhaar, India, banking, fingerprint sensor, STQC, point of sales (POS) machine, AEPS, CICO

Brief Introduction: Founded in 1999, Telpo is a worldwide first-rate smart terminal and solution provider. It mainly provides EFT-POS, cash registers, biometric devices, facial recognition machines, self-service kiosks, and bus validators. Telpo has served more than 1000 customers abroad, including government, banks, Telecom operators, police stations, Retail shops, and offices. Telpo adheres to R&D and innovation, aiming to provide more intelligent hardware for global partners.

Related Products: TPS900