Micro ATM Machines

What is a Micro ATM Device?

A micro ATM device is the hybrid of a mobile ATM and a mobile banking solution. It is a machine that enables customers to carry out transactions by swiping their debit cards. The transactional functions that you can conduct with m... Read Buyer’s Guideimg

Best Micro ATM Devices

(Showing 1 - 4 of 4 products)

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Oxigen Micro ATM

Oxigen Micro ATM

Brand: Oxigen


4.8 out of 5

(6 user reviews)

Oxigen has taken a step forward in the field of Financial Inclusion by partnering with RBL bank and introducing its new Oxigen Micro ATM - Super Service A... Read More About Oxigen Micro ATM img


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Matheus MPOS Card Swipe Machine

Matheus MPOS Card Swipe Machine

Brand: Matheus IT Solution

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Matheus MPOS Card Swipe Machine is a complete POS Machine designed to serve Startups, SMBs, SMEs and Agencies. This POS Machine for has a simple interface... Read More About Matheus MPOS Card Swipe Machine img

Price On Request



Brand: Payswiff

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Payswiff is an E-way bill generating software that allows users to automate their businesses and meet all tax compliances. With this software, users can t... Read More About Payswiff img

Price On Request

Munbyn Android POS

Munbyn Android POS


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Munbyn Android POS is a complete POS Machine designed to serve Startups, SMBs, SMEs and Agencies. This POS Machine for has a simple interface and is easy t... Read More About Munbyn Android POS img

Price On Request

Last Updated on : 23 Sep, 2023

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Micro ATM Devices FAQ’s

Software questions,

You can buy micro ATM devices from almost all major e-commerce websites, including Amazon, Flipkart, India Mart, etc. You may also find offline retailers that deal with micro ATM devices. 

Micro ATM price is generally?inexpensive. On average, micro ATM machine prices may range between INR2,499 and INR 4,000 per piece. Micro ATM price depends on the features they provide. 

A PoS or Point of Sale device refers to a gadget that allows a purchase procedure to be conducted digitally. Your payment card information is 'read' by the POS, and the transaction is complete electronically. On the other hand, micro ATMs are comparable to PoS terminals but are more advanced as they also act as a type of banking device, allowing customers to conduct financial operations and transactions.  

There is a wide range of micro ATM brands available in the market. Which one works for you entirely depends on the features you are looking for. Here are the top micro ATM models you may like: Bank, Telpo, AEPS, Ucube, and BluPrints Vriddhi. 

Banking Correspondents (BCs) are appointed by the bank to operate micro ATM devices. This is how a micro ATM device functions:  Enable customers to conduct financial operations (cash withdrawal, money deposit, fund transfer, etc.)  Automatically reads the electronic data of a debit card after its swiped.  Verifies customer identity by scanning PIN or biometric details.  Through Core Banking Solutions, the PoS is linked to a host computer (CBS). 

Buyer's Guide for Top Micro ATM Devices

Found our list of Micro ATM Devices helpful? We’re here to help you make the right choice and automate your business processes. Let’s discover some of the essential factors that you must consider to make a smarter decision!

  • Micro ATM Device Overview
  • How Does Micro ATM Work?
  • ATM vs Micro ATM 
  • Applications of Micro ATM 
  • Advantages of Micro ATM 
  • Disadvantages of Micro ATM 
  • Things to Consider When Buying Micro ATM Device 

Micro ATM Device Overview

Micro ATM Device functions similar to a handheld POS (point of sale) device. Hence, banks can be easily linked with this portable ATM device to deliver various services in even the remotest locations. One can use this device to distribute cash in rural or remote areas across the country. 

Rural bank account holders in India can use a biometric-enabled micro ATM to withdraw money from their accounts using their debit cards or via Aadhaar verification. Hence, micro ATMs can also be considered as CICO (cash in, cash out) centers. 

How Does Micro ATM Work?

Authorized agents known as business correspondents are the ones who operate micro ATMs. Any retailer or shopkeeper can be a BC. When customers withdraw funds from their bank accounts, the money actually comes from the BC's cash drawer.  

In essence, business correspondents operate as a bank for local customers. They verify the customer's legitimacy using the unique identification (UID). Customers must present identification linked to their Aadhaar Card when withdrawing funds.  

Let’s check the micro ATM’s function in detail: 

  • The customer must go through a mandatory ID verification process. One must scan his/her iris or fingerprint on a biometric-enabled micro ATM, which will be validated against his/her UIDAI records. 
  • Micro ATM will provide all transaction choices once verification is complete. 
  • The customer must choose an option, and the smart POS equipment will complete the transaction. 
  • Next, a notification would appear on the device’s screen  
  • Following that, a printed receipt would be issued 
  • After the transaction is completed successfully, the customer would also receive an SMS alert from the bank’s end on their mobile phone. 

Micro ATM devices can be linked to banks all around the country. This would allow a person to deposit or withdraw funds instantly, irrespective of the location, regardless of which bank a certain BC is associated with. Micro ATMs are able to work on GPRS connections. So, the barrier to entry is low even in areas with weak internet connections. 

ATM vs Micro ATM 

There are some fundamental differences between an ATM and a Micro ATM. For instance, ATMs or automated teller machines are electronic banking equipment that enables consumers to conduct financial activities, including cash deposits, withdrawals, balance inquiries, and fund transfers, among others. All of the operations conducted on an ATM machine don’t require any assistance from bank employees. To put it in a simpler way, anyone with a debit or credit card can transact using the ATM Machine by themselves, irrespective of the time of the day.  

However, unlike ATMs, an authorized agent (shopkeeper, retailer, or businessman) must be present to carry and operate a micro ATM device in remote areas. The agent technically operates as the ATM's cash disburser. Also, ATMs are situated at fixed locations and generally have cash most of the time, which might not always be the case for micro ATMs. Let’s take a look at the key differences between a traditional ATM and a micro ATM. 


Micro ATM 

ATMs are situated at fixed locations 

Micro ATM devices are portable 

Can be operated by normal people 

An authorized agent is required to operate these devices 

Used for financial transactions and banking operations only 

Apart from carrying out banking transactions, micro ATMs can also be used as a PoS terminal 

Cash is present at ATMs at almost all time 

Availability of cash is dependent on the authorized agent, as he/she operates as the cash disburser 

Biometric verification is not necessary for operating ATM 

Biometric verification is mandatory 

A transaction fee might be charged after a fixed number of transactions within a month 

No transactional fees are associated with Micro ATM usage 

Applications of Micro ATM 

As its name suggests, a micro ATM device can be used to carry out several tasks similar to an ATM. However, it also has some additional features. Besides performing banking transactions, micro ATM devices can also capture and verify biometric data and be used for eKYC purposes. Apart from these, these special devices can perform the following functions: 

  • PoS (Point of Sale) terminal 
  • Regular ATM transactions 
  • Bank account opening  
  • eKYC 
  • Biometric capturing 
  • Aadhaar seeding 
  • Aadhaar enabled payment (AEPS) 
  • Balance Enquiry 
  • Cash deposit and withdrawal 
  • Fund Transfer 
  • Generate mini statement   

Advantages of Micro ATM 

  • Here are some of the lucrative advantages of Micro ATM: 
  • Micro ATMs are universally portable devices. They can work with any bank 
  • The affordable price of the machine. Also, a significant reduction in operating and maintenance costs as compared to traditional ATMs 
  • Micro ATMs are highly accurate when it comes to biometric identification protocols 
  • Strictly compliant with UIDAI while enabling biometric transactions 
  • Enable a transition to a cashless society, thereby realizing the digital Indian dream  
  • Citizens have the flexibility to access their accounts whenever they want 
  • Can work in areas with poor internet connectivity, thereby promoting financial inclusion in rural and semi-urban areas 

Disadvantages of Micro ATM 

Although there are no major disadvantages of a Micro ATM device, it certainly has some drawbacks. Here are some of the disadvantages of Micro ATM. 

  • To complete a transaction, a Banking Correspondent (BC) is necessary. Without an authorized correspondent, the machine can’t be operated. 
  • Money might not be available at all times. Also, if the business correspondent is not available, money cannot be withdrawn or claimed. 
  • There are some operational risks, given that the BC might have to manually handle large volumes of cash 

Things to Consider When Buying Micro ATM Device 

If you are interested to buy micro ATMs make sure that you look for the following features: 

  • The micro ATM of your choice must offer point of sale (POS) functionality, which connects to banking networks via GPRS to carry out bank-related transactions.  
  • They come with a card swipe feature as well as a fingerprint or/and iris scanner for biometric authentication purposes. While all micro ATM devices have a fingerprint scanner in-built in them, most modern devices also accompany an iris scanner. 
  • Micro ATMs are generally small and light enough to be carried around, making them perfect for banking outreach. However, size may vary depending on specific brands. Consider your carrying and storage capacity before investing in one. 
  • Micro ATM machines must print a receipt identical to the one you would get after swiping your card in a retail store.  
  • Your micro ATM should support regional languages as well for customer convenience. 


Author: Kalpana Arya

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