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Payment Services Provider Spice Money Launches Smartphone-Enabled Micro-ATMs

Both AEPS and Micro-ATMs allow cash withdrawal and balance enquiry

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Payment, Spice Money, Smartphone
The enterprise's AEPS systems enable thumb-print driven transactions, while its Micro-ATMs allow users carrying debit cards to do essential financial transactions. Pixabay

Payment services provider Spice Money has launched smartphone-enabled ‘Micro-ATMs’, similar to Point-of-Sale (PoS) card machines across its existing 2l lakh customer touchpoints.

The company has already been rolling out the cash withdrawal facility across its merchant points through Aadhaar Enabled Payment System (AEPS).

Payment, Spice Money, Smartphone
The company has already been rolling out the cash withdrawal facility across its merchant points through Aadhaar Enabled Payment System. Pixabay

“The enterprise’s AEPS systems enable thumb-print driven transactions, while its Micro-ATMs allow users carrying debit cards to do essential financial transactions,” said the DiGiSPICE Group company said in statement.

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Both AEPS and Micro-ATMs allow cash withdrawal and balance enquiry, it said. (IANS)

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Chinese Smartphone Manufacturer Xiaomi Working on New Smartphone with Periscope Lens

Flagship smartphones from Chinese brands, namely the Huawei P30 Pro and Oppo Reno 10X Zoom have already used a periscope lens to enhance photography experience

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Xiaomi
Xiaomi.

Chinese smartphone manufacturer Xiaomi is reportedly working on a new smartphone with a periscope lens.

As per a report by a Chinese publication MyDrivers citing the company’s recent application carrying titled ‘Camera Components and Electronic Devices’, it appeared to be working on a device with a periscope lens.

The patent carries an application number CN201822150093.2, dated December 20, 2018, which was released to the public few days back.

It is not yet known in which of its upcoming smartphones will Xiaomi use this new technology.

Xiaomi
Chinese smartphone maker Xiaomi on Friday announced that it was permanently cutting the prices of five of its handsets in India.

As it is a premium feature, one can expect it to be used by a high-end smartphone such as the Mi Mix 4.

Recently various speculations have also hinted that an upcoming smartphone from the company might use a 64MP Samsung ISOCELL GW1 sensor.

Also Read: Google, Dish to Launch a Fourth Wireless Carrier in US

Flagship smartphones from Chinese brands, namely the Huawei P30 Pro and Oppo Reno 10X Zoom have already used a periscope lens to enhance photography experience. (IANS)