MICRO ATM (MATM)
NSDL Payments Bank extends its Micro ATM (mATM) solution to allow customers to perform debit card with pin authentication-based services at Business Correspondents points of NSDL Payments Bank. MATM service from NSDL Payments Bank gives customers convenient access ATM like banking services in unbanked & underbanked areas aligning the service offering with the Financial Inclusion outreach.
NSDL Payments Bank provides services under mATM like Cash Withdrawal & Balance Enquiry primarily through BC network appointed by Corporate Business Correspondents of NSDL Payments Bank & through NSDL Payments Banks directly appointed Business Correspondents.
Key Features
Card & PIN Based Authentication
The customers use their Debit Card & PIN to securely authenticate mATM transactions receiving a dependable banking experience as per regulations.
Interoperable Bank Transactions
mATM transactions provides the customers interoperable financial transactions facilitated through mATM platform allowing users to utilize debit cards from various Banks.
Use of Portable & Handheld Devices
Micro ATMs are small portable PCI DSS certified devices available with NSDL Payments Bank Business Correspondents to conveniently provide basic banking services in all geographies including remote & rural areas.
Real Time Transaction Processing
All mATM transactions are very quick with instant confirmation to customers from Bank's ATM Switch & NPCI's NFS Switch infrastructure maintaining high level of security through encrypted transactions.
Multiple Banking Services
Several basic services like Cash Withdrawal, Balance Enquiry are available through MATM infrastructure.
