Starting 1969 when ATMs were first introduced, they've evolved into high tech, quite stable, high tech, feature-rich banking terminals, offering convenience to customers, and reducing costs for banks. Micro ATMs would especially help tackle the issues which people are confronting in rural and semi-urban areas, where the ATM network is much less strong currently.
Micro ATMs is card swipe machines through which banks can remotely connect to their core banking system. In other words, micro ATMs are the handheld point of sale terminals used to disburse cash in remote places where bank branches cannot reach. Micro ATMs is very similar to point of sale (PoS) terminals and therefore are a doorstep portable banking arrangement cum-mobile ATM device.
ATMs are currently spread globally, and available in most metropolitan areas, even in emerging markets. Emerging markets confront unique challenges in ATM deployment, which makes their rollouts slow:
In emerging markets ATMs are largely used for Cash Deposit, Cash Withdrawal, Balance Assess, Mini Statements & Bill Payments, together with money withdrawal being the primary use case for most clients.