Acemoney launches all-in-one payment device

Leading financial technology company Acemoney has launched an all-in-one payment device. It includes Mini ATM, Aadhaar ATM and Point of Sale machines in one machine. The device will not only function as a POS machine but will enable merchants to provide other services.

Customers will be able to withdraw cash using the card’s easy biometric system or Aadhaar-based Financial transactions by company. Due to the requirements of the dealers and customers, a large touch screen and thermal printing facility has been provided in the machine.

Cards from any bank can be used for cash transactions on the device, said Nimisha J. Vadakkan, MD, Acemoney. Customers can communicate with merchants through discount cards or Aadhaar cards to withdraw money from their bank accounts. They can also deposit money into their bank accounts. Moreover, Acemoney has provided BBPS facility to facilitate all types of recharge and bill payments. This will open up new business opportunities for dealers and provide more services to customers.

The company earlier launched the offline UPI ATM card for conducting financial transactions using the keyboard phone offline. The company has also introduced wearable ATMs, which can be used as a ring and keychain. An ATM service has also been launched at the doorstep, which has greatly benefited people during Covid times, according to the company.