Recently which payments bank has launched Micro ATMs – a step towards better facilitating convenient cash withdrawals for debit card users residing beyond the metro and Tier 1 cities in India?

Solution

Airtel Payments Bank launched Micro ATMs – a step towards better facilitating convenient cash withdrawals for debit card users residing beyond the metro and Tier 1 cities in India. The bank will leverage its strong network of over 500,000 banking points across India to give users access to easy cash withdrawals through this initiative. To facilitate the Micro ATM transactions, Airtel Payments Bank is now integrated with the National Payments Corporation of India’s (NPCI) National Financial Switch (NFS). Customers associated with any bank will now be able to use the Micro ATM facility at the neighbourhood banking point of Airtel Payments Bank. They can now make instant cash withdrawals and check their account balance using their debit card of any bank at the designated banking point. A customer can withdraw up to Rs 10,000 per transaction through the Micro ATMs. Learn Along: Airtel Payments Bank  Headquarters: New Delhi               CEO: Anubrata Biswas