Tag Archive for atms

Mahagram will deploy 100k Aadhaar ATMs across India

Share/Bookmark

By K Ashwin Mobile: 09920183006 Email:indianshowbusiness@gmail.com

Mahagram India’s leading Business Correspondent will deploy over 100000 Aadhaar ATMs and BC outlets across India. This initiative will be one of such moment in the digital empowerment of the Indian rural sector, which is also a part of the PM Digital India Initiative.

Aadhaar Enabled Payment System or AEPS is a payment service developed by the National Payments Corporation of India (NPCI) allowing banks, financial institutions to use “Aadhaar” number and online UIDAI authentication for transactions through their respective Business correspondent service centers. AEPS, a new age banking service has been approved by the Reserve Bank of India (RBI). The AEPS allows transaction using Aadhaar and biometric authentication and enables a person to carry out multiple financial transactions on a micro-ATM provided by a banking correspondent. AEPS enables an Aadhaar holder to avail of banking services through real time Aadhaar authentication. Read more

Tata Communications Payment Solutions Launches Game Changing White Label ATM Solution for Banks to Deploy ATMs Instantly

Share/Bookmark

By K Ashwin Mobile: 09920183006 Email:indianshowbusiness@gmail.com

Tata Communications Payment Solutions Limited (TCPSL), that owns and operates India’s first and largest white label ATM (WLA) network under the brand name, Indicash™’,  today announces the launch of a game changing WLA solution for Banks that is set to redefine the ATM deployment approach of Banks in the country. The new solution allows Banks to instantly expand their ATM network in a cost effective manner by leveraging the existing network of 8500 Indicash™ ATMs, through a co-branding arrangement. Read more