Today on the 27th June 2021, we celebrate the 54th anniversary of the ATM. So let’s see how the transition from an ATM to a micro ATM can benefit a retailer.
“Where focus goes, energy flows.”
Financial inclusion is a concept that is not unheard of here at the mBnk ecosystem. For those who are unaware of the concept, it can be defined as the ease of availability and equality of opportunities to access financial services to all sections of society. Regrettably, it is not easily available in the semi-urban and rural regions of India. Taking this into focus, mBnk has come up with a solution to not just accomplish financial inclusivity but also help local people to start a business without a large capital.
Today on the 27th June 2021, we celebrate the 54th anniversary of the ATM. So let’s see how the transition from an ATM to a micro ATM can benefit a retailer. With a minimal investment, a merchant can purchase an mATM. This micro revolutionary device offers an entrance into the mBnk ecosystem. It can be used for cash withdrawals and balance inquiries without the issues faced by a traditional ATM. The mBnk ecosystem has a large number of financial services that can be offered to the customers. Through the mBnk app, the mATM, AEPs (Aadhar Enabled Payment System), domestic money transfer, utility bill payments (Bharat Bill Payment System), and mobile & DTH recharge are all available on one platform.
For any business, receiving a surplus in return on investment is a sign of doing well. Through mBnk, the entrepreneur stands to receive their investment in many ways. There is a commission earned on each transaction, a higher amount of walk-ins which results in an increase in income and expansion of business due to goodwill and more offerings. Since the investment amount is minimal, recovering the cost requires no additional effort.
While it may look hard to understand and operate, the mBnk app and mATM both are secure, easy, and speedy to use. There is no requirement for a complex setup or large spaces. Financial services can be availed to all the different sections of society. Unfortunately, today it is only the higher class that have a seamless service in banking. Through mBnk, a local merchant can offer all these financial services even in the most remote village with complete ease.
“A person who sees a problem is a human being; a person who finds a solution is visionary, and the person who goes out and does something about it is an entrepreneur.”
– Naveen Jain
Although the term mBnk agent is used, the business is owned completely by the shop owner. Working hours are as per the owner’s flexibility. Due to the handy nature of the mATM and their mobile phone, they can operate from anywhere. The owner will be bringing about a change in his/her community by offering various financial and banking services to those who have to travel long distances to seek them. They serve as a guide for those who are not technologically savvy, to use the service. Not everybody who wants to start a business has the capital to do so, with the inexpensive mATM, they can operate their own business in their respected working style.
For those who want to start their own business or even run a side business, you can boost your earnings by joining the mBnk ecosystem. The company believes in simple, quick, and safe transactions for financial services made available to all. After all, with inclusivity, there is growth.