Airtel Payments bank to install 150,000 micro-ATMs

The Bank will gradually expand its service to cover more banking points in a phased manner.

“Micro ATMs will be rolled out in a phased manner. Initially, the bank will place 1,50,000 units in Tier II cities and semi-urban regions. These regions typically have a high demand for cash withdrawal services but limited access to ATMs,” the company said in a statement.

The bank will leverage its strong network of over 5 lakh banking points across India to give users access to easy cash withdrawals through this initiative, it added.

The company has plans to finish the rollout of 1.5 lakh micro ATMs by the end of the current fiscal.

Airtel Payments Bank is now integrated with the National Payments Corporation of India’s (NPCI) – National Financial Switch (NFS) to facilitate micro ATM transactions.

“We are committed to building a financially inclusive India by making banking services accessible to all. The launch of Micro ATMs is one more step by us to empower customers residing in the rural pockets of the country.