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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

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.

Also Read- Facebook to Hire Banking Expert to Run its Digital Coin Libra

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

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